HC remanded matter for reconsideration as assessee produced relevant evidence to justify genuineness of creditors

INCOME TAX : Where addition under section 68 was made in hands of assessee as it had failed to satisfy authority with regard to genuineness of creditors , since it had produced relevant evidence before High Court, it would be just and appropriate to direct Assessing Officer to reconsider matter afresh by considering said evidenceINCOME TAX : Where addition under section 68 was made in hands of assessee as it had failed to satisfy authority with regard to genuineness of creditors , since it had produced relevant evidence before High Court, it would be just and appropriate to direct Assessing Officer to reconsider matter afresh by considering said evidencewww.taxmann.com Latest Case LawsRead More

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