Section 68 of the Income Tax Act 1961- Judicial Interpretation

Dilip K Raina , Last updated: 11 February 2020 Share Follow on Google News

What is section 68 of the Income Tax Act 1961 and why presently is it considered a hot topic? In simple words, section 68- Unexplained cashcreditsempower an assessing officer, in case not satisfied with the explanations provided by the assessee, toadd any unexplained amount credited in the books

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About the Author

Dilip K Raina

Consultant

A dynamic professional with over Two Half Decades of extensive experience in managing overall accounts and finance function encompassing Strategic Financial Planning, Project Evaluation as well as Statutory Compliance across varied industry verticals. Innate flair for entrepreneurship skills, with demonstrated bus ... Read more

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