Confused state of section 68 in the absence of SOP

The Bombay High Court while discussing the nature and significance of cash credits in Orient Trading Co. Ltd v. Commissioner of Income-tax [1963] 49 ITR 723 (Bom) held that when cash credits appear in the accounts of an assessee, whether in his own name or in the name of third parties,The Bombay High Court while discussing the nature and significance of cash credits in Orient Trading Co. Ltd v. Commissioner of Income-tax [1963] 49 ITR 723 (Bom) held that when cash credits appear in the accounts of an assessee, whether in his own name or in the name of third parties,taxmann.com Latest ArticlesRead More

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