No additions merely on assumptions that cash deposited by assessee was bribe received by him in ‘Vyapam case’

INCOME TAX: Where Assessing Officer made certain addition as unexplained credit under section 68 which was amount of cash deposited in bank account held in name of assessee, since said cash deposit was maturity proceeds of hundis during year which were made out of unaccounted surrendered income offered to tax in return of income for impugned assessment year,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194377/no-additions-merely-on-assumptions-that-cash-deposited-by-assessee-was-bribe-received-by-him-in-‘vyapam-case’.aspx