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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - assessee has discharged its onus to prove the ...


Assessee Proves Lender's Credibility u/s 68; No Need to Establish Sub-Creditor's Genuineness or Creditworthiness.

May 5, 2017

Case Laws     Income Tax     AT

Addition u/s 68 - assessee has discharged its onus to prove the creditworthiness and genuineness of the lender, there was no requirement in law for the assessee to prove the genuineness and creditworthiness of the sub-credito - AT

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