Addition u/s 68 - cash credit - reliance of statement - ...

Assessing Officer Lacks Basis to Classify Unsecured Loans as Accommodation Entries u/s 68; Creditors Confirm Transactions.

February 16, 2019

Case Laws Income Tax AT

Addition u/s 68 - cash credit - reliance of statement - creditors had appeared and confirmed the transactions of loans advanced to the assessee. - AO had no valid basis for treating the ‘unsecured loans’ as ‘accommodation entries’.

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Addition u/s 68 - cash credit - reliance of statement - ...

Assessing Officer Lacks Basis to Classify Unsecured Loans as Accommodation Entries u/s 68; Creditors Confirm Transactions.

February 16, 2019

Case Laws Income Tax AT

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