Showing posts with label Undisclosed Cash Credits. Show all posts
Showing posts with label Undisclosed Cash Credits. Show all posts

Friday, July 8, 2011

In case assessee fails to explain source & nature of cash credits, AO would

In case assessee fails to explain source & nature of cash credits, AO would be justified in invoking provisions of section 68 - [2011] 10 taxmann.com 98 (Coch. - ITAT)