Section 68 Addition Confirmed: Lack of Explanation for Cash Deposit Before Transaction Leads to Compliance Issue. https://www.taxtmi.com/highlights?id=30279 Addition u/s 68 - There is no proper explanation in this regard as to why the cash was deposited in the account of payee just one or two days before the transaction. - Addition confirmed. - AT en-us Wed, 13 Jul 2016 13:00:11 +0530 Wed, 13 Jul 2016 13:00:11 +0530 TaxTMI RSS Generator Section 68 Addition Confirmed: Lack of Explanation for Cash Deposit Before Transaction Leads to Compliance Issue. https://www.taxtmi.com/highlights?id=30279 Addition u/s 68 - There is no proper explanation in this regard as to why the cash was deposited in the account of payee just one or two days before the transaction. - Addition confirmed. - AT Highlights Income Tax Wed, 13 Jul 2016 13:00:11 +0530 https://www.taxtmi.com/highlights?id=30279