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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Addition of cash credit u/s 68 – There is a time gap of near ...


Cash Credit Addition u/s 68 Challenged Due to AO's Lack of Verification; Case Remanded for Further Probe.

October 17, 2014

Case Laws     Income Tax     AT

Addition of cash credit u/s 68 – There is a time gap of near about 5 years, the share applicant might have changed their addresses, which could be verified from the ROC by the AO to substantiate his findings, which has not been done by him - matter remanded back - AT

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