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Income Tax - Highlights / Catch Notes

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Addition relating to trade creditors - additions u/s 68 - in ...


Supreme Court questions High Court's remand decision on Section 68 non-disclosure of loans by 37 individuals.

August 29, 2016

Case Laws     Income Tax     SC

Addition relating to trade creditors - additions u/s 68 - in view of the categorical finding that the loan amounts were not reflected in the returns of the 37 persons in question, we do not see how the High Court could have taken the above view and remanded the matter to the AO - SC

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