Section 68 & 69
This query is : Resolved
Kiran Kashetty
(Querist)
15 January 2011
If an assessee deposits huge cash in his bank account and he is not able to explain the source. Here the undisclosed income should be taxed under section 68 or section 69.
Kindly elaborate with explanation and judgments if possible
Kindly elaborate with explanation and judgments if possible
CA Sanat Pyne
(Expert)
15 January 2011
https://www.vakilno1.com/bareacts/incometaxact/s68.htm
https://www.vakilno1.com/bareacts/incometaxact/s69.htm
https://www.vakilno1.com/bareacts/incometaxact/s69a.htm
https://www.vakilno1.com/bareacts/incometaxact/s69.htm
https://www.vakilno1.com/bareacts/incometaxact/s69a.htm
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