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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Addition u/s 68 - credit purchase of Supari, as unexplained cash ...


Section 68: Supari Credit Purchase Deemed Unexplained Cash Credit; No Income Additions Due to Progressive Profits.

March 31, 2018

Case Laws     Income Tax     AT

Addition u/s 68 - credit purchase of Supari, as unexplained cash credits - it is found that the gross profit and net profit shown by the assessee is progressive and the AO has not doubted the same - No additions - AT

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