Addition u/s 68 - unexplained cash credit - Assessee has ...

Assessee Meets Burden of Proof u/s 68; Revenue Must Prove Unexplained Cash Credits as Disguised Loans.

June 27, 2020

Case Laws Income Tax AT

Addition u/s 68 - unexplained cash credit - Assessee has discharged the primary onus to demonstrate fulfilment of primary ingredients of Sec.68 and it was incumbent upon revenue to dislodge the assessee’s claim by bringing on record, cogent material to establish that the assessee’s unaccounted money was routed in its books of account in the garb of unsecured loans

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Addition u/s 68 - unexplained cash credit - Assessee has ...

Assessee Meets Burden of Proof u/s 68; Revenue Must Prove Unexplained Cash Credits as Disguised Loans.

June 27, 2020

Case Laws Income Tax AT

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