Addition on non confirmation of advances by the parties - It is ...

Case Laws Income Tax

February 5, 2016

Addition on non confirmation of advances by the parties - It is true that in the absence of proper confirmations, the Assessing officer was justified in treating the amount in question as unexplained cash credits. The onus was on the assessee to prove the genuineness of the transactions. - AT

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Addition on non confirmation of advances by the parties - It is ...

Case Laws Income Tax

February 5, 2016

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