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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Addition u/s 68 on account of unsecured loans from directors - ...


Section 68 Additions Confirmed for Unsecured Loans: Assessee Fails to Prove Directors' Creditworthiness.

February 15, 2020

Case Laws     Income Tax     AT

Addition u/s 68 on account of unsecured loans from directors - Assessee has failed to show creditworthiness of both the lenders. - additions confirmed.

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