No Revision by CIT to make Sec 68 income tax addition
NO REVISION BY CIT TO MAKE SEC. 68 ADDITION IF AO HAD OBTAINED CONFIRMATION OF PARTIES IN SUPPORT OF RECEIPTS/PAYMENTS Section 68, read with section 263, of the Income-tax Act– Cash credits (Onus to prove)[2015](Delhi) -HIGH COURT OF DELHI Commissioner of Income-tax, Circle-II v. Ankit Garments Manufacturing Co. Where in assessment proceedings, assessee furnished confirmations from …