Addition u/s 68 - Unsecured Loan - merely filing Nil return by ...

Section 68: Nil Return Alone Insufficient for Unsecured Loan Additions if Lender's Sources Proven with Strong Evidence.

July 13, 2020

Case Laws Income Tax AT

Addition u/s 68 - Unsecured Loan - merely filing Nil return by lender, if the sources are clearly established with overwhelming evidences of the bank statements of all the concerned parties duly supported by the annual accounts, cannot lead to addition in the hands of the borrower.

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Addition u/s 68 - Unsecured Loan - merely filing Nil return by ...

Section 68: Nil Return Alone Insufficient for Unsecured Loan Additions if Lender's Sources Proven with Strong Evidence.

July 13, 2020

Case Laws Income Tax AT

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