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Income Tax - Highlights / Catch Notes

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Unexplained cash credit u/s 68 - AO has merely proceeded and ...


Taxpayer Cleared: No Additions u/s 68 Due to Lack of Concrete Evidence in Accommodation Entry Case.

May 27, 2017

Case Laws     Income Tax     AT

Unexplained cash credit u/s 68 - AO has merely proceeded and relied on the information received from the DGIT(Inv), Mumbai that the assessee is one of the beneficiary of the accommodation entries without bringing any material against the assessee on record - No additions - AT

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