https://www.taxtmi.com/highlights?id=43766 The income tax department cannot presume something to have happened five years ago just because in the assessment year 1997-98 the assessee failed to explain its source of fund u/s 68 and cash fund u/s 269SS. It did not mean that it indulged in similar activity in the previous year 1992-93. en-us Tue, 08 Jan 2019 10:49:54 +0530 Mon, 07 Jan 2019 18:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=43766 The income tax department cannot presume something to have happened five years ago just because in the assessment year 1997-98 the assessee failed to explain its source of fund u/s 68 and cash fund u/s 269SS. It did not mean that it indulged in similar activity in the previous year 1992-93. Highlights Income Tax Tue, 08 Jan 2019 10:49:54 +0530 https://www.taxtmi.com/highlights?id=43766