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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Addition of “cash credit” u/s 68 - It is very unlikely that a ...


Court Upholds Addition of "Cash Credit" u/s 68 for Unexplained Funds in 1992 Investment Case.

December 5, 2018

Case Laws     Income Tax     HC

Addition of “cash credit” u/s 68 - It is very unlikely that a person carrying on small chitty and financing business could raise ₹ 2, 00, 000/- as advance for investment in a Company in the year 1992. - Additions confirmed.

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