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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Addition u/s 68 - Unexplained cash credit - it could safely be ...


Assessee Proves Investor Identity, Creditworthiness, and Transaction Genuineness; Section 68 Additions Deleted.

December 17, 2019

Case Laws     Income Tax     AT

Addition u/s 68 - Unexplained cash credit - it could safely be concluded that the assessee was successful in proving the identity of the investors, creditworthiness of the entities and genuineness of the transactions - Additions deleted.

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