income of P & L and 69

If the assessee has maintained regular books of accounts, bills, vouchers and day to day stock register having complete quantitative details, addition U/s 68 is not proper.

3 years ago

If the assessee has maintained regular books of accounts, bills, vouchers and day to day stock register having complete quantitative…

If the cash sales and receipts are duly supported by relevant bills which were produced in the course of assessment proceedings, addition U/s 68 is unwarranted

3 years ago

If the cash sales and receipts are duly supported by relevant bills which were produced in the course of assessment…

If cash sales transaction is recorded in regular books of accounts, sales are made out of stock-in-trade then no addition U/s 68 could be sustained.

3 years ago

If cash sales transaction is recorded in regular books of accounts, sales are made out of stock-in-trade then no addition…

Provisions of Section 68 are not applicable on the sale transactions recorded in the books of accounts as sales are already part of the income which is already credited in P&L account.

3 years ago

Provisions of Section 68 are not applicable on the sale transactions recorded in the books of accounts as sales are…