Unexplained cash credit u/s 68 - Undisclosed bank account - the ...

Income Tax

March 30, 2020

Unexplained cash credit u/s 68 - Undisclosed bank account - the assessee has not filed any satisfactory explanation or documentary evidence either before authorities below neither before us - Addition confirmed.

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Unexplained cash credit u/s 68 - Undisclosed bank account - the ...

Income Tax

March 30, 2020

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Amount which was credited in books of accounts of the assessee in the preceding year cannot be treated as unexplained cash credit u/s 68 in the relevant assessment year.

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