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Addition for Unexplained Investments cannot be made based on principles governing cash credit
Case Law Details
- Case Name
- Kishan Kothwal Vs ITO (Telangana High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Telangana High Court
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Kishan Kothwal Vs ITO (Telangana High Court)
HC held that The parameters for making addition under Section 68 of the Act and under Section 69A of the Act, though may appear to be similar, however, is not so; therefore, addition of cash credit under Section 68 of the Act would stand on a different pedestal. The principles governing cash credit under Section 68 of the Act cannot be extended to unexplained investments under Section 69A of the Act.
FULL TEXT OF THE JUDGMENT/ORDER OF TELANGANA HIGH COURT
Heard Mr.Vijay Kumar Punna, learned counsel for the appellant.
2. This appeal has been preferre...
