Income Scheme Declaration: Bank Deposit in Fictitious Names Fails as Valid Explanation u/s 68 of Income Tax Act. https://www.taxtmi.com/highlights?id=14128 Addition u/s 68 - A declaration made by a person under the VDIS of certain amount and then made a claim regarding the deposit with the Bank which is not in the name of such person (but in the name of fictitious names) cannot be considered as an explanation u/s 68 - AT en-us Tue, 27 Aug 2013 07:53:23 +0530 Tue, 27 Aug 2013 07:53:23 +0530 TaxTMI RSS Generator Income Scheme Declaration: Bank Deposit in Fictitious Names Fails as Valid Explanation u/s 68 of Income Tax Act. https://www.taxtmi.com/highlights?id=14128 Addition u/s 68 - A declaration made by a person under the VDIS of certain amount and then made a claim regarding the deposit with the Bank which is not in the name of such person (but in the name of fictitious names) cannot be considered as an explanation u/s 68 - AT Highlights Income Tax Tue, 27 Aug 2013 07:53:23 +0530 https://www.taxtmi.com/highlights?id=14128