Addition u/s 68 - unexplained cash credit - Unsecured loan - ...

Section 68 Dispute: Unexplained Cash Credit Addition Contested Due to Lack of Assessing Officer's Appeal Grounds.

December 13, 2021

Case Laws Income Tax AT

Addition u/s 68 - unexplained cash credit - Unsecured loan - departmental representative stated that the learned Commissioner of Income tax (Appeals) should have given a direction for making an addition of the above sum in the year in which such sum was received. We fail to appreciate this argument because of the reason that the learned Assessing Officer raises no such ground of appeal. - AT

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Addition u/s 68 - unexplained cash credit - Unsecured loan - ...

Section 68 Dispute: Unexplained Cash Credit Addition Contested Due to Lack of Assessing Officer's Appeal Grounds.

December 13, 2021

Case Laws Income Tax AT

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