Friday, December 14, 2018

HC justified sec. 68 additions as assessee failed to explain huge cash sales only in 1 month during year

IT: Where assessee had sold a new product launched by it on test market basis over and above its counter sale but failed to explain as to how and why such cash sales of huge amount effected only in one month of a year, Assessing Officer was justified in making additions in respect of such unexplained sales under section 68

from www.taxmann.com Latest Case Laws https://ift.tt/2CdWn3S

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