High Court Clarifies Interpretation of Section 68: Unexplained Liabilities in Cash Credit Entries Under Income Tax Act. https://www.taxtmi.com/highlights?id=19970 Addition of unexplained liabilities - Cash credit - additions u/s 68 - The expression “any sum is found credited in the books of the assessee“ means all entries on the credit side as well as on the debit side in the books of account - HC en-us Mon, 08 Sep 2014 12:52:15 +0530 Mon, 08 Sep 2014 12:52:15 +0530 TaxTMI RSS Generator High Court Clarifies Interpretation of Section 68: Unexplained Liabilities in Cash Credit Entries Under Income Tax Act. https://www.taxtmi.com/highlights?id=19970 Addition of unexplained liabilities - Cash credit - additions u/s 68 - The expression “any sum is found credited in the books of the assessee“ means all entries on the credit side as well as on the debit side in the books of account - HC Highlights Income Tax Mon, 08 Sep 2014 12:52:15 +0530 https://www.taxtmi.com/highlights?id=19970