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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Addition u/s 68 - unsecured loans receipt - Merely because the ...


Section 68: Unsecured Loan Receipts Valid Despite Non-Compliance with Personal Appearance Summons.

November 27, 2018

Case Laws     Income Tax     AT

Addition u/s 68 - unsecured loans receipt - Merely because the summons issued seeking their personal appearance is not complied with, the entire transactions cannot be treated as bogus and cannot be doubted by the revenue

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