Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
ITAT Rules that the Addition of Unexplained Cash Credit u/s.68 is Invalid After Rejecting the Books of Accounts
Income TaxOther Legal Matters
The ITAT ruled that the addition of unexplained cash credit under Section 68 is invalid after rejecting the books of accounts. The tribunal highlighted the importance of proper accounting practices. The ruling aims to prevent arbitrary tax additions. The ITAT is protecting against unfair additions.
