[aaykarbhavan] HC quashed addition for cash credit as creditors appeared and filed particulars of their income before AO

HC quashed addition for cash credit as creditors appeared and filed particulars of their income before AO

April 21, 2014[2014] 44 taxmann.com 21 (Jharkhand)

IT : Addition made after rejecting books maintained by assessee, be deleted when all quantitative details were available in books of account and accounts were regularly maintained

IT : Where cash creditors appeared before Assessing Officer and their income particulars were also filed, any addition under section 68 could not be made to assessee's income

 

Regards

Prarthana Jalan

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