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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Additions u/s 68 - Unsecured loans from non genuine companies - ...

Case Laws     Income Tax

December 3, 2019

Additions u/s 68 - Unsecured loans from non genuine companies - upon physical verification, companies were not found at the given address - the burden shifted on the assessee to controvert the material brought on record by the AO. - Additions confirmed.

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