the transaction of the loan was carried out through the banking ...

Loan Transaction Validated Through Banking; No Additions u/s 68 as Source Explained by Assessee.

October 29, 2019

Case Laws Income Tax AT

the transaction of the loan was carried out through the banking channel. Therefore there cannot be any doubt about the genuineness of the transactions. Addition u/s 68 - The assessee in the present case has duly explained the source of money received in their hands. The assessee is not answerable to justify the source of the source of the money received by him.

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the transaction of the loan was carried out through the banking ...

Loan Transaction Validated Through Banking; No Additions u/s 68 as Source Explained by Assessee.

October 29, 2019

Case Laws Income Tax AT

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