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Income Tax - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Unexplained loan creditors u/s 68 - If the assessee filed ample ...

Case Laws     Income Tax

June 25, 2020

Unexplained loan creditors u/s 68 - If the assessee filed ample evidences to discharge the burden carted upon him and the assessing officer fails to bring any material on record to show that explanation filed by the assessee are unsatisfactory, then addition u/s 68 of the Act for unexplained cash creditors is not justified.

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