Unexplained Cash Credit – temporary loan from friends and ...

Assessee avoids extra tax on L1 visa application loan from overseas friends; transaction justified under scrutiny.

February 23, 2013

Case Laws Income Tax HC

Unexplained Cash Credit – temporary loan from friends and relatives abroad for the purpose of filing immigration application for L1 visa for USA - Assessee had established the necessary ingredients - No addition - HC

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Unexplained Cash Credit – temporary loan from friends and ...

Assessee avoids extra tax on L1 visa application loan from overseas friends; transaction justified under scrutiny.

February 23, 2013

Case Laws Income Tax HC

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