Addition of unexplained loan - taken from a credit institution - ...

Unexplained Loan Addition Rejected: Assessing Officer Lacks Evidence Against Credible Credit Institutions Identified by Assessee.

July 16, 2019

Case Laws Income Tax AT

Addition of unexplained loan - taken from a credit institution - Assessee has named the credit institutions where from he received such loans to stand testimony to their irrefutable and impeccable character - AO could not bring on record any conclusive evidence - no addition permissible

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Addition of unexplained loan - taken from a credit institution - ...

Unexplained Loan Addition Rejected: Assessing Officer Lacks Evidence Against Credible Credit Institutions Identified by Assessee.

July 16, 2019

Case Laws Income Tax AT

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