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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Addition u/s 68 - unsecured cash credit - Why he did not put the ...

Income Tax

September 28, 2019

Addition u/s 68 - unsecured cash credit - Why he did not put the entire savings in the bank and why he retained a sum of ₹ 2,40,000/- with him in cash? - He is admittedly not an income tax assessee, thereby strengthening the view that not only he is not a rich man but he is barely able to make the ends meet, additions confirmed. - HC

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