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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Addition u/s 68 - entry in the books of purchaser regarding cash ...

Income Tax

June 8, 2019

Addition u/s 68 - entry in the books of purchaser regarding cash payment - there is nothing on record which corroborates the fact that any such unaccounted money flowed to the assessee in cash - no further investigation /inquiry - opportunity to cross-examine the persons has never been provided and the assessee was directed to prove the negative i.e. that he did not receive any unaccounted money - no addition

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