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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Addition u/s 68, 69 and 69A - incremental peak credit - money ...

Income Tax

March 5, 2019

Addition u/s 68, 69 and 69A - incremental peak credit - money launderer or hawala operator - Addition is permissible if destination of the amounts which were deposited and later withdrawn having not been disclosed or substantiated; it is not reasonable to assume that the entire amounts would have been disbursed, with only the commission appropriated. Addition sustained.

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