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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Addition of gift & loan u/s 68 - if A.O. has not issued summons ...


Section 68: Unjustified Gift/Loan Additions if Assessing Officer Skips Summons or Verification; Appeal Confirmation Unwarranted.

August 4, 2012

Case Laws     Income Tax     AT

Addition of gift & loan u/s 68 - if A.O. has not issued summons to the donors/cash creditors or commission to ITO, Bhiwani, for further verification of the fact the addition confirmed by the CIT(A) is not justified - AT

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