Section 68

Section 68

Bombay H.C : Where assessee failed to produce relevant documents and confirmation in respect of loan taken from various parties, mere fact that he did not maintain proper books of account could not be accepted as a valid plea and, thus, amount in question was to be added to assessee’s taxable income under section 68

High Court Of Bombay Arunkumar J. Muchhala vs. CIT–8 Section 68 Assessment year 1996-97 S.C. Dharmadhikari And Smt. Vibha Kankanwadi,

Section 68, Section 147, Section 148, Section 69A, Section 72

Punjab & Haryana H.C : the Hon’ble Tribunal was justified in treating the initiation of proceedings under s. 147/148 unjustified and untenable and issuance of notice under s. 148 to be invalid for the asst. yr. 1998-99 in which the assessee was found to be owner of gold and diamond jewellery as envisaged by s. 69A of the IT Act, 1961

High Court Of Punjab & Haryana CIT vs. Prem Pal Section 69A, 147, 148, 1997FA 68, 1997FA 71, 1997FA 72

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