https://www.taxtmi.com/highlights?id=56077 Unexplained cash credit u/s 68 r/w section 115BBE - Bogus purchase and sale - The assessee has recorded the entries of sales and purchase in its books of account and has duly disclosed the items of sales and purchase in the profit & loss account and has duly disclosed the profit earned on the trading in the profit & loss account and has offered the same as business income. The assessee has furnished as much information as possible to justify its claim about the transactions of cloth being genuine. - Additions deleted - AT en-us Mon, 28 Dec 2020 09:45:27 +0530 Mon, 28 Dec 2020 09:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56077 Unexplained cash credit u/s 68 r/w section 115BBE - Bogus purchase and sale - The assessee has recorded the entries of sales and purchase in its books of account and has duly disclosed the items of sales and purchase in the profit & loss account and has duly disclosed the profit earned on the trading in the profit & loss account and has offered the same as business income. The assessee has furnished as much information as possible to justify its claim about the transactions of cloth being genuine. - Additions deleted - AT Highlights Income Tax Mon, 28 Dec 2020 09:45:27 +0530 https://www.taxtmi.com/highlights?id=56077