Assessee's Failure to Prove Unutilized Cash Leads to Additions u/s 68 of Income Tax Act.

Assessee's Failure to Prove Unutilized Cash Leads to Additions u/s 68 of Income Tax Act. https://www.taxtmi.com/highlights?id=17448 Addition u/s 68 - Cash deposit - Primary onus is on assessee to substantiate the claim of failure of land deals due to which cash remained unutilized - Assessee had not discharged onus - Additions confirmed - AT en-us Wed, 26 Feb 2014 08:29:27 +0530 Wed, 26 Feb 2014 08:29:27 +0530 TaxTMI RSS Generator Assessee's Failure to Prove Unutilized Cash Leads to Additions u/s 68 of Income Tax Act. https://www.taxtmi.com/highlights?id=17448 Addition u/s 68 - Cash deposit - Primary onus is on assessee to substantiate the claim of failure of land deals due to which cash remained unutilized - Assessee had not discharged onus - Additions confirmed - AT Highlights Income Tax Wed, 26 Feb 2014 08:29:27 +0530 https://www.taxtmi.com/highlights?id=17448