Income Tax Act Section 68: Credits in Managing Director's Account Explained, No Additional Taxation Required.

Income Tax Act Section 68: Credits in Managing Director's Account Explained, No Additional Taxation Required. https://www.taxtmi.com/highlights?id=6528 Additions u/s 68 - Even if genuineness is not accepted and consequent addition is made u/s. 68, still the sources of credits in the account of Managing Director stands explained, as they are coming out of funds treated as his income - AT en-us Sun, 20 Jan 2013 19:17:46 +0530 Sun, 20 Jan 2013 19:17:46 +0530 TaxTMI RSS Generator Income Tax Act Section 68: Credits in Managing Director's Account Explained, No Additional Taxation Required. https://www.taxtmi.com/highlights?id=6528 Additions u/s 68 - Even if genuineness is not accepted and consequent addition is made u/s. 68, still the sources of credits in the account of Managing Director stands explained, as they are coming out of funds treated as his income - AT Highlights Income Tax Sun, 20 Jan 2013 19:17:46 +0530 https://www.taxtmi.com/highlights?id=6528