Addition to equity & to unsecured loans & sundry creditors - ...

Case Laws Income Tax

July 11, 2019

Addition to equity & to unsecured loans & sundry creditors - when 1500 investors have filed FIR's & law suits claiming about ₹ 15 crores as paid by them and Crime Branch status report clearly establishes that the assessee had collected funds from public at large and had not repaid them - Therefore, the existence of the depositors cannot be doubted - no addition called for

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Addition to equity & to unsecured loans & sundry creditors - ...

Case Laws Income Tax

July 11, 2019

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