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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