Unexplained Unsecured Loans - Additions made by the ld.AO in the ...

Case Laws Income Tax

February 20, 2020

Unexplained Unsecured Loans - Additions made by the ld.AO in the case of assessee are against the principles laid down u/s.68 - no addition could have been made by the ld.AO as in the present case the assessee has already discharged his initial onus. Therefore, the unsecured loan received by the assessee cannot be termed as unexplained. - AT

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Unexplained Unsecured Loans - Additions made by the ld.AO in the ...

Case Laws Income Tax

February 20, 2020

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