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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Unsecured loans added as unexplained cash credit u/s. 68 - ...


Unsecured Loans Deemed Unexplained Cash Credit u/s 68 Due to Lack of Creditor Creditworthiness Evidence.

November 5, 2015

Case Laws     Income Tax     AT

Unsecured loans added as unexplained cash credit u/s. 68 - assessee has failed to prove the creditworthiness of the five loan creditors and therefore failed to substantiate the receipt of unsecured loan - AT

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