Addition u/s 68 - addition has been sustained on the basis that ...

Section 68 Addition Upheld Due to Assessee's Failure to Prove Creditors' Creditworthiness; No Penalty Imposed for Concealed Income.

April 24, 2015

Case Laws Income Tax AT

Addition u/s 68 - addition has been sustained on the basis that the assessee could not discharge its onus with regard to the creditworthiness of the creditors - However, de hors the said provision, it is not possible to state with certainty that the said sums would be “concealed income” - No Penalty - AT

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Addition u/s 68 - addition has been sustained on the basis that ...

Section 68 Addition Upheld Due to Assessee's Failure to Prove Creditors' Creditworthiness; No Penalty Imposed for Concealed Income.

April 24, 2015

Case Laws Income Tax AT

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