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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Addition u/s 68 - creditworthiness and genuineness of the ...


Private Company u/s 68 Scrutiny Fails to Prove Creditworthiness and Genuineness of Transactions.

January 4, 2018

Case Laws     Income Tax     AT

Addition u/s 68 - creditworthiness and genuineness of the transaction - The assessee company being a private limited company, the burden of proof is clearly on higher pedestal as compared to public limited companies which it has failed to discharge i - AT

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