Unexplained cash credits u/s 68 - unsecured loans - non ...
Non-appearance in proceedings doesn't justify adverse inference u/s 68 if evidence substantiates unsecured loans.
July 27, 2020
Case Laws Income Tax AT
Unexplained cash credits u/s 68 - unsecured loans - non appearance of the parties to the proceedings before the Ld. AO cannot be a sole ground for taking adverse inference against the assessee, more particularly, when the assessee has filed necessary evidences to prove loans taken from above parties. - AT
View Source
9911796707
