Thursday, December 20, 2018

SLP granted against ruling that sec. 68 additions not justified if AO failed to do necessary enquiries

IT: Where High Court upheld Tribunal's order deleting addition under section 68 in respect of amount received by assessee from various depositors on ground that necessary enquiries relating to identity and creditworthiness of said depositors had not been done by AO, SLP filed against decision of High Court was to be granted

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