Addition u/s 68 - The burden is very heavy on the assessee to ...

Assessee Must Prove Creditor Identity, Creditworthiness, and Transaction Genuineness u/s 68 or Face Unexplained Cash Credits.

September 20, 2022

Case Laws Income Tax AT

Addition u/s 68 - The burden is very heavy on the assessee to satisfy cumulatively the ingredients of Section 68 as to identity and establish the credit worthiness of the creditors and genuineness of the transaction to the satisfaction of the AO, otherwise the AO shall be free to proceed against the assessee company and make additions u/s. 68 of the Act as unexplained cash credit. - AT

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Addition u/s 68 - The burden is very heavy on the assessee to ...

Assessee Must Prove Creditor Identity, Creditworthiness, and Transaction Genuineness u/s 68 or Face Unexplained Cash Credits.

September 20, 2022

Case Laws Income Tax AT

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