Addition u/s 68 - Loans taken from non-resident Indians - the ...

Revenue's Contradictory Stance on NRI Loans Leads to Deletion of Section 68 Additions for Assessee.

September 14, 2019

Case Laws Income Tax AT

Addition u/s 68 - Loans taken from non-resident Indians - the Revenue has taken the contradictory stand in two different assessment years. - No allegation of the Revenue that the assessee has provided funds from his unaccounted fund to the lenders to get its unaccounted fund in the accounting form - Addisons deleted - AT

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Addition u/s 68 - Loans taken from non-resident Indians - the ...

Revenue's Contradictory Stance on NRI Loans Leads to Deletion of Section 68 Additions for Assessee.

September 14, 2019

Case Laws Income Tax AT

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