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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - cash deposited during the demonetisation ...


Cash Deposits During Demonetization Unexplained; Tax Addition u/s 68 Upheld by Assessing Officer.

December 4, 2023

Case Laws     Income Tax     AT

Addition u/s 68 - cash deposited during the demonetisation period - As the assessee failed to establish beyond doubt with any cogent evidence the nature and source of the cash deposit in its bank account, the addition made by the AO u/s 68 of the Act is affirmed. - AT

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