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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Addition u/s.68 - CIT(A) has changed the addition to section 69 ...

Income Tax

December 18, 2019

Addition u/s.68 - CIT(A) has changed the addition to section 69 - when the assessee has repaid the loans by cheques which has in cash to the respective parties, and the assessee has furnished complete details and address, and thus the assessee has discharged the onus u/s.68 of the Act, hence addition is not sustainable in law.

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