Addition u/s 68 - peak credit theory - accommodation entry ...

ITAT Missteps: Accountancy Principles Used Over Legal Precedent in Unexplained Deposits u/s 68 Case.

August 11, 2017

Case Laws Income Tax HC

Addition u/s 68 - peak credit theory - accommodation entry provider - ITAT went merely on the basis of accountancy, overlooking the settled legal position that peak credit is not applicable where deposits remain unexplained under Section 68 - HC

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Addition u/s 68 - peak credit theory - accommodation entry ...

ITAT Missteps: Accountancy Principles Used Over Legal Precedent in Unexplained Deposits u/s 68 Case.

August 11, 2017

Case Laws Income Tax HC

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