Addition u/s 68 - recovery of the sale consideration - the ...

Income Tax

August 23, 2019

Addition u/s 68 - recovery of the sale consideration - the notices issued u/s 133(6) were returned - once the assessee sold the goods, the buyer of the goods becomes the debtor of the assessee and any receipt of money from him is the realisation of such debt - therefore on recovery of sale consideration, Section 68 cannot be applied

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Addition u/s 68 - recovery of the sale consideration - the ...

Income Tax

August 23, 2019

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