Addition of capital employed in the business u/s 68 - addition ...

Income Tax Case: Addition of Capital u/s 68 Deleted Due to Lack of Credited Sum Evidence in Assessee's Books.

June 12, 2019

Case Laws Income Tax AT

Addition of capital employed in the business u/s 68 - addition on presumption - the assessee requires no capital of his own for running business and allows his customer a credit period less than the credit period he enjoys - there is no sum which is found credited in the books of accounts of the assessee - on this ground itself, the addition can be deleted

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Addition of capital employed in the business u/s 68 - addition ...

Income Tax Case: Addition of Capital u/s 68 Deleted Due to Lack of Credited Sum Evidence in Assessee's Books.

June 12, 2019

Case Laws Income Tax AT

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