Monday, May 11, 2020

Tax Authorities should consider Documentary Evidence before confirming Addition for Cash Credits: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) has held that though the onus is cast upon the assessee to prove the cash credits received by it, the tax authorities shall consider all the documentary evidence brought by the assessee before making an addition in respect of cash credits under section 68 of the Income Tax Act, […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2YTDY83

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