Live Help
Get News Alerts from on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session

HC justified sec. 68 additions as assessee failed to explain huge cash sales only in 1 month during year

November 22, 2018[2018] 100 181 (Himachal Pradesh)/[2018] 259 Taxman 546 (Himachal Pradesh)

IT: Where assessee had sold a new product launched by it on test market basis over and above its counter sale but failed to explain as to how and why such cash sales of huge amount effected only in one month of a year, Assessing Officer was justified in making additions in respect of such unexplained sales under section 68

read more
Best view in 1140 x 768