Bombay High Court Dismisses Assessee's Appeal in Income Tax Case Upholding Addition of Unexplained Cash Credits Under Section 68. Assessee's Failure to Maintain Books of Account and Provide Confirmations for Loan Amounts Justifies Invocation of Section 68 of Income Tax Act, 1961.
24 Aug 2017The appeal arose from an order of the Income Tax Appellate Tribunal dated 30-07-2014, which upheld the addition of certain amounts as unexplained cash...
