Addition u/s 68 - Genuineness of the transaction - the loan of ...

Loan of Rs. 20 lakhs from assessee's father u/s 68 deemed genuine; no income addition due to journal entry.

December 17, 2011

Case Laws Income Tax AT

Addition u/s 68 - Genuineness of the transaction - the loan of Rs. 20 lacs shown from Sh. Pritam Goel father of the assessee was only a journal entry - no addition could be made.... - AT

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Addition u/s 68 - Genuineness of the transaction - the loan of ...

Loan of Rs. 20 lakhs from assessee's father u/s 68 deemed genuine; no income addition due to journal entry.

December 17, 2011

Case Laws Income Tax AT

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