Sufficient Explanation on Source of Investments given on HSBC Geneva Deposits: Punjab and Haryana HC quashes income tax addition [Read Order]

By Kalyani B. Nair - On November 27, 2023 9:00 am - 2 mins read
Sufficient Explanation - Source of Investments given - HSBC Geneva Deposits-Punjab and Haryana HC - income tax -TAXSCAN

The Punjab and Haryana High Court quashed income tax addition under Section 69 of the Income Tax Act, 1961 as sufficient explanation on source of investments given on HSBC Geneva Deposits. The present appeals filed under Section 260A of the Income Tax Act, 1961 have been directed against the order of the Income Tax Appellate…

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