Addition u/s 68 v/s 69 - unexplained deposit in the bank account ...

Unexplained Bank Deposits Taxed u/s 69, Not Section 68, Per Income Tax Act: Key Tax Treatment Distinction.

August 25, 2020

Case Laws Income Tax AT

Addition u/s 68 v/s 69 - unexplained deposit in the bank account - sum was not credited in the books of accounts, but the amount was found credited in the bank account of the assessee - The correct course of action for taxing the sums paid into the bank account is to tax u/s 69 and not u/s 68 - AT

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Addition u/s 68 v/s 69 - unexplained deposit in the bank account ...

Unexplained Bank Deposits Taxed u/s 69, Not Section 68, Per Income Tax Act: Key Tax Treatment Distinction.

August 25, 2020

Case Laws Income Tax AT

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