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Income Tax - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Addition u/s 68 - unexplained cash deposited in bank accounts - ...

Income Tax

May 4, 2021

Addition u/s 68 - unexplained cash deposited in bank accounts - Bank account / statement as books - an addition made in respect of a cash deposit in the bank account of an assessee, in the absence of the same found credited in the ‘books’ of the assessee maintained for the previous year, cannot be brought to tax by invoking the provisions of Section 68. - AT

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