Mere entry of cash credit in the books of accounts that would create liability, but there should be an actual flow of funds.
– ITAT Delhi
The Hon’ble ITAT Delhi in the case of DCIT vs. Glass Tech India Decision ITA ...
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Posts tagged "journal entry and section 68"
“Any Sum” appearing in section 68 cannot be taken as parallel to “Any Entry” – ITAT Delhi
“Any Sum” appearing in section 68 cannot be taken as parallel to “Any Entry” – ITAT Delhi
The Hon’ble ITAT Delhi in the case of DCIT vs. Glass Tech India Decision ITA No.: 6241/Del/2017 [Date of order: March 25, 2022] ...
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Notional or fictitious journal entries cannot be taxed u/s. 68.
Notional or fictitious journal entries cannot be taxed u/s. 68.
The Honble ITAT Delhi in the case of DCIT vs. Glass Tech India Decision ITA No.: 6241/Del/2017 [Date of order: March 25, 2022] has made an important and far reaching ...
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