Madhya Pradesh HC upholds Deletion of Addition u/s 68 of Income Tax Act in absence of Substantial Question [Read Order]
The High Court clarified that a finding of fact may give rise to a substantial question of law, in the event the findings are based on no evidence and/or while arriving at the said finding, relevant admissible evidence was not taken into consideration or inadmissible evidence has been taken into consideration.
The Madhya Pradesh High Court in a recent case held upheld the order deleting the addition made under section 68 of the Income Tax Act, 1961 due to lack of substantial question.As per Section 68 of Income tax Act, where any sum is found credited in the book of an assessee maintained for any previous…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
