21 results for “section 68”+ Section 256(2)clear
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Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
2,50,000/-). The explanation offered by the assessee was not substantiated in any manner by the assessee as is required under the provisions of section 68 of the Act. The AO had no material on record to accept the explanation that Rs 20,00,000/- was not unexplained cash credit as the primary onus cast upon the assessee