Section 68 in The Income Tax Act, 1961 [Entire Act]
Section 68 in The Income Tax Act, 1961
68. Cash credits.
- Where any sum is found credited in the books of an assessee maintained
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1 - 10 of 67039 (0.28 seconds)Commissioner Of Income-Tax, Orissa vs Orissa Corporation (P) Ltd on 19 March, 1986
Income Tax Act 1961-88.68 and 256(2) - Cash credits in
books of assessee - Onus of proof about source of income.
High Court refusing ... Officer did not accept the assessee's accounts showing cash
credit of Rs.1,50,000 said to have been received
Commissioner Of Income Tax vs P. Mohanakala on 15 May, 2007
Singapore.
The Assessing Officer dealt with the controversy as
regards the cash credit entries received from the foreign
donor. He noticed that the gifts have ... voice held that the explanation offered by the assessees as
regards cash credit entries is not acceptable. The material
and the evidence available on record
Anantharam Veerasingaiah & Co vs Commissioner Of Income Tax, A.P on 15 April, 1980
vital significance may point to the
conclusion that the cash deficit or cash credit cannot
reasonably be related to the amount covered by the
intangible ... vital significance may point to
the conclusion that the cash deficit or cash credit cannot
reasonably be related to the amount covered by the
intangible
Jawahar B. Purohit, Mumbai vs Asst Cit Cen Cir 22Xc, Mumbai on 20 September, 2017
Jawahar B. Purohi t,
M/s M.R. Constr ucti on
cash credit under section 68 of the Act. For this assessee has raised
following ... cash creditors and adding a sum of Rs.
19,54,300/- out of which CIT(A) deleted the addition of unexplained cash
credit
Jamnaprasad Kanhaiyalal vs Commissioner Of Income-Tax, M.P., ... on 8 May, 1981
assessment year 1967-68, the Income
Tax officer noticed cash credits of Rs. 9,250 each in the
names of five sons of the Managing ... rejected the contention of the assessee and held that the
cash credits in question were unexplained cash credits, that
they represented the income
Commissioner Of Income-Tax, U.P. vs Bharat Engineering And Construction ... on 8 September, 1971
Tribunal. The Tribunal came to the conclusion that the cash credit entries totalling Rs. 2,50,000 brought to tax by the Income-tax Officer ... though the explanation given by the assessee in respect of those cash credit entries is not true, yet from the proved circumstances those cash credits
Section 292 in The Companies Act, 1956 [Entire Act]
bankers for the borrowing of money by way of overdraft or cash credit or otherwise and not the actual day to day operation on overdraft ... cash credit or other accounts by means of which the arrangement so made is actually availed of.] [Substituted by Act 65 of 1960, Section
National Textiles vs Commissioner Of Income-Tax on 9 October, 2000
income on two counts :
Rs. 80,000 in respect of unexplained cash credit in the name of one Merchant Brothers.
Rs. 90,000 in respect ... profit, he directed the Income-tax Officer to work out the cash credits. In respect of all the loans, the Income-tax Officer arrived
State Bank Of India vs Ranjan Chemicals Ltd. And Anr on 11 October, 2006
company') of
Rs.30 lakhs. The bank further extended a cash credit facility to the
company. The company failed to meet its obligations under ... bank had failed to fulfil its obligations while making available the cash
credit facility and has not honoured its commitments in time to release