Addition u/s 68 - unexplained cash credits - Addition on account ...

Case Laws Income Tax

October 25, 2021

Addition u/s 68 - unexplained cash credits - Addition on account of loans received - it is clear that the onus required to be discharged with respect to identity, genuineness and creditworthiness was duly discharged by the assessee and moreso the transaction is part of the regular overdraft account maintained by the assessee with the society. - CIT(A) rightly deleted the additions - AT

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Addition u/s 68 - unexplained cash credits - Addition on account ...

Case Laws Income Tax

October 25, 2021

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