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Income Tax - Highlights / Catch Notes

Home Highlights December 2021 Year 2021 This

Addition u/s 68 - the provision of 68 does not speak about mere ...

Income Tax

December 23, 2021

Addition u/s 68 - the provision of 68 does not speak about mere belief of the Revenue in regard to the proof of the genuineness of the transaction as well as identity and creditworthiness of the creditors but must have a clear finding on this aspect - Main ingredients of the provision of Section 68 has not been satisfied - Additions confirmed - AT

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