Unexplained Credit – Addition u/s 68 - Money borrowed through ...
Section 68 Credit Issue: Insufficient Proof from Confirmatory Letters for Fixed Deposit Scheme Under Income Tax Act.
August 29, 2013
Case Laws Income Tax AT
Unexplained Credit – Addition u/s 68 - Money borrowed through fixed deposit in a scheme under the Company (acceptance of deposit) Rule, 1975 - mere filing of the confirmatory letters will not discharge the onus that lies on the assessee - AT
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