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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Addition u/s 68 - Reason for taking cash loan - The power to ...

Income Tax

December 23, 2019

Addition u/s 68 - Reason for taking cash loan - The power to make additions under Section 68 of the Act of the un-explained cash credit, requires such an exercise to be undertaken by the authorities in a diligent, just and fair manner. But we do not find any such solemn exercise undertaken by the Authorities in the present case. - Matter remanded back.

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