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

Section 68 Additions Upheld: Unsecured Loans from Non-Genuine Companies Verified as Non-Existent, Burden on Assessee to Disprove.

December 3, 2019

Case Laws Income Tax HC

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

Section 68 Additions Upheld: Unsecured Loans from Non-Genuine Companies Verified as Non-Existent, Burden on Assessee to Disprove.

December 3, 2019

Case Laws Income Tax HC

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