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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Additions u/s 68 - the factum of the assessee having deducted ...


Section 68 Additions Challenged: Assessing Officer's Suspicion Lacks Evidence; Assessee Deducted TDS, Repaid Loans.

May 20, 2014

Case Laws     Income Tax     AT

Additions u/s 68 - the factum of the assessee having deducted TDS on the interest of the loans and having repaid the loans also remains undisputed - the addition made by the AO was made only on the basis of suspicion and nothing else - AT

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