Income Tax Case: Addition of Capital u/s 68 Deleted Due to Lack of Credited Sum Evidence in Assessee's Books.

Income Tax Case: Addition of Capital u/s 68 Deleted Due to Lack of Credited Sum Evidence in Assessee's Books. https://www.taxtmi.com/highlights?id=47111 Addition of capital employed in the business u/s 68 - addition on presumption - the assessee requires no capital of his own for running business and allows his customer a credit period less than the credit period he enjoys - there is no sum which is found credited in the books of accounts of the assessee - on this ground itself, the addition can be deleted en-us Wed, 12 Jun 2019 06:48:53 +0530 Tue, 11 Jun 2019 11:17:29 +0530 TaxTMI RSS Generator Income Tax Case: Addition of Capital u/s 68 Deleted Due to Lack of Credited Sum Evidence in Assessee's Books. https://www.taxtmi.com/highlights?id=47111 Addition of capital employed in the business u/s 68 - addition on presumption - the assessee requires no capital of his own for running business and allows his customer a credit period less than the credit period he enjoys - there is no sum which is found credited in the books of accounts of the assessee - on this ground itself, the addition can be deleted Highlights Income Tax Wed, 12 Jun 2019 06:48:53 +0530 https://www.taxtmi.com/highlights?id=47111