Unexplained cash credit u/s 68 - the assessee furnished all such ...

Assessee Clarifies Lenders' Details; No Evidence of Circular Transactions or Syndicate Involvement u/s 68.

January 16, 2023

Case Laws Income Tax AT

Unexplained cash credit u/s 68 - the assessee furnished all such details of the lenders/ depositors. There is no allegation of assessing officer that any of such lenders/ creditors are part of syndicate of accommodation entry provider. There is no evidence that credit/ advance in the books of assessee was result of some circular transactions. - AT

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Unexplained cash credit u/s 68 - the assessee furnished all such ...

Assessee Clarifies Lenders' Details; No Evidence of Circular Transactions or Syndicate Involvement u/s 68.

January 16, 2023

Case Laws Income Tax AT

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