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DCIT Vs Prakash Chandra (ITAT Indore)

ITAT IndoreIncome TaxSection 68 (unexplained cash credits)AY 2017-18Faisla: Assessee ke favour mein

Case ke facts

Prakash Chandra ka case tha. Business ke cash sales books mein record ho chuki thi. Department ne fir bhi 10 lakh ka gift Section 68 ke tahat dubara income maan liya.

Mudda (Issue)

Kya already books mein dikhaye gaye cash sales dobara Section 68 mein add ho sakte hain?

Faisla (Held)

ITAT ne bola, agar cash sales pehle hi books mein record hain to Section 68 se dobara tax nahi kar sakte. 10 lakh ka gift ka hisaab sahi se verify karne ke liye matter wapas Assessing Officer ko bhej diya.

Practical takeaway

Agar cash sales seedhe books mein dikhai ho to officer dobara Section 68 se tax nahi laga sakta. Par gift ya loan ke case mein proof dena zaroori hai.

Original report: taxguru.in

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Income tax notice ka jawab

Yeh summary public report par aadhaarit general jaankari hai, legal advice nahi. Poora faisla padhne ke liye original source dekhiye. Published on cgaindia.com: 2026-11-07.

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