Unexplained credits introduced in the garb of unsecured loans - ...

Unexplained Credits as Unsecured Loans: No Action Taken by Tax Authorities, No Income Addition for Assessee.

February 11, 2016

Case Laws Income Tax AT

Unexplained credits introduced in the garb of unsecured loans - Accommodation entries - CIT(A) found that even the basic step i.e. summons or query letter were not issued, to these cash creditor and not an iota of evidence has been collected and brought on record which indicates or prove that the cash credit money was assessee's own money - No addition - AT

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Unexplained credits introduced in the garb of unsecured loans - ...

Unexplained Credits as Unsecured Loans: No Action Taken by Tax Authorities, No Income Addition for Assessee.

February 11, 2016

Case Laws Income Tax AT

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