Unexplained credit u/s 68 - the amount received by the assessee ...

Income Tax

May 12, 2016

Unexplained credit u/s 68 - the amount received by the assessee is to be treated as income u/s 68, assessable under the head “Income from other sources” and accordingly as per the provision of section 71, Business losses of the assessee are to be set off against the same. - AT

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Unexplained credit u/s 68 - the amount received by the assessee ...

Income Tax

May 12, 2016

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