Unexplained cash credit - AO has allowed interest on the ...

Interest Deductions Allowed by AO; CIT(A) Decision on Section 68 Additions for 31 Creditors Overturned.

June 23, 2017

Case Laws Income Tax AT

Unexplained cash credit - AO has allowed interest on the borrowed funds in the current years and also in the subsequent years and therefore the order of the ld.CIT(A) confirming the addition u/s 68 in respect of 31 creditors is not correct and cannot be sustained

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Unexplained cash credit - AO has allowed interest on the ...

Interest Deductions Allowed by AO; CIT(A) Decision on Section 68 Additions for 31 Creditors Overturned.

June 23, 2017

Case Laws Income Tax AT

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