Addition of explained cash credit u/s 68 - the lenders of funds ...

Case Laws Income Tax

May 10, 2019

Addition of explained cash credit u/s 68 - the lenders of funds have not, at any stage, discharged their onus in furnishing documentary evidence in respect of cash deposits made in their accounts and against which loans were advanced to the assessee - The creditworthiness of the lenders and the genuineness of the transaction was not clear - addition sustained

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Addition of explained cash credit u/s 68 - the lenders of funds ...

Case Laws Income Tax

May 10, 2019

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