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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Addition u/s 68 as unsecured loan received from one of its ...


Director's Unsecured Loan to Assessee Lacks Proof of Creditworthiness, Confirmed Addition u/s 68 of Income Tax Act.

November 19, 2015

Case Laws     Income Tax     AT

Addition u/s 68 as unsecured loan received from one of its directors - assessee has not been able to establish the creditworthiness of the director of the company who has purportedly extended loan - Additions confirmed - AT

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