17 results for “section 68”+ Section 234A(3)clear
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In the result, the assessee’s appeals are partly allowed
Bench: Shri Sanjay Arora, Am & Shri Manomohan Das, Jm
section 68, so as to be able to contend, on that basis, that the investment is recorded in the books. In the absene of any explanation as to the source thereof, the basis of the addition continues to be the unexplained nature and the source of the investment. The Revenue claiming interest u/s. 234A(1) r.w.s 234A