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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Addition u/s 68 - Addition on account of joint venture agreement ...

Income Tax

March 24, 2020

Addition u/s 68 - Addition on account of joint venture agreement - the addition made u/s. 68 of the Act only on the basis of two statements which could not stand the scrutiny of law, was warranted and therefore, the addition cannot be sustained as per law - There is no evidence that, assessee had infused its own fund through accommodation entry provider - additions deleted - AT

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