Assessment u/s 153A - Addition u/s 68 - Unsecured cash credits - ...

Case Laws Income Tax

December 28, 2021

Assessment u/s 153A - Addition u/s 68 - Unsecured cash credits - documentary evidences on record have not been rebutted by the A.O. through any evidence or material on record. No independent enquiry has been made against these documentary evidences except issuing notices under section 133(6), which were also replied by the subscribing companies. Therefore, such documentary evidences clearly support the explanation of assessee that investments made in the assessee companies are genuine. - AT

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Assessment u/s 153A - Addition u/s 68 - Unsecured cash credits - ...

Case Laws Income Tax

December 28, 2021

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