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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Additions u/s 68 - genuineness of creditors - advance against ...

Income Tax

March 27, 2018

Additions u/s 68 - genuineness of creditors - advance against sale of land - AO noted that stamp paper was issued by the Delhi Treasury on 22nd March, 2012 i.e., 02 years after the date of execution - According to Section 68 of the I.T. Act, assessee has to prove only the source of the credit. - AT

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