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
← back
Informative
Unexplained Cash Credited To Assessee's Book Would Be Treated As Taxable Income Under Income Tax Act, 1961: Chhattisgarh High Court
Income Tax
The Chhattisgarh High Court ruled that unexplained cash credits are to be treated as taxable income under the Income Tax Act. The court emphasized that the burden of proof lies on the taxpayer to explain the source of such credits. This decision reinforces the tax authorities' ability to tax unexplained cash credits to prevent tax evasion.
