Income TaxMere entry of cash credit in the books of accounts that would create liability, but there should be an actual flow of funds. – ITAT Delhi3 years agoMere entry of cash credit in the books of accounts that would create liability, but there should be an actual…
Income Tax“Any Sum” appearing in section 68 cannot be taken as parallel to “Any Entry” – ITAT Delhi3 years ago“Any Sum” appearing in section 68 cannot be taken as parallel to “Any Entry” – ITAT Delhi The Hon’ble ITAT…
Income TaxNotional or fictitious journal entries cannot be taxed u/s. 68.3 years agoNotional or fictitious journal entries cannot be taxed u/s. 68. The Honble ITAT Delhi in the case of DCIT vs.…