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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Unsecured loan obtained from companies u/s 68 – Creditworthiness ...


High Court Rules Unsecured Loan Allegations u/s 68 Unfounded Due to Lack of Concrete Evidence Against Assessee.

August 20, 2014

Case Laws     Income Tax     HC

Unsecured loan obtained from companies u/s 68 – Creditworthiness and genuineness of transaction – assessee was rerouting its own funds was based on surmise - no addition - HC

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