6 December 2021


ITAT, Delhi: Actual Receipt of Money by Assessee is Mandatory for Unexplained Cash Credit - 29.04.2021

Income Tax Appellate Tribunal (ITAT), Delhi, while providing the relief to the Zexus Air Services Pvt. Ltd., has ruled that actual receipt of money by assessee is a mandatory condition to invoke section 68 of the Income Tax Act, 1961 for unexplained cash credit.

Tags : Income Tax Appellate Tribunal Unexplained Cash Credit

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