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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Undisclosed cash credit - it is not necessary that because AO ...


Assessing Officer's Acceptance of Shareholder Creditworthiness Must Be Evaluated Independently for Each Case, Not Based on Prior Acceptance.

January 28, 2017

Case Laws     Income Tax     AT

Undisclosed cash credit - it is not necessary that because AO accepted the credit worthiness in case of other shareholder-companies, he should have accepted in case of the two impugned shareholders also - AT

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