Unexplained cash credit u/s 68 - Merely because the Investor ...

Case Laws Income Tax

May 9, 2022

Unexplained cash credit u/s 68 - Merely because the Investor Companies have shown meager income during the impugned assessment year, the same in my opinion, cannot be a ground to doubt the creditworthiness of the said company especially when the said company is having sufficient funds in its account in shape of share capital and free reserves. - AT

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Unexplained cash credit u/s 68 - Merely because the Investor ...

Case Laws Income Tax

May 9, 2022

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