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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Unproved cash credits u/s 68 - A.O. rightly disallowed amounts ...


Tax Authorities Disallow Loans as Unproved Cash Credits u/s 68, Added to Income from Other Sources.

April 11, 2018

Case Laws     Income Tax     AT

Unproved cash credits u/s 68 - A.O. rightly disallowed amounts borrowed from the loan creditors u/s 68 of the Act and the same is added in the hands of the assessee as an income from other sources. - AT

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