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Income Tax - Highlights / Catch Notes

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Unexplained cash credit u/s. 68 - Only by establishing the ...


Court Rules on Unexplained Cash Credit: Mere Existence and Documents Insufficient, More Proof Needed u/s 68.

April 4, 2013

Case Laws     Income Tax     AT

Unexplained cash credit u/s. 68 - Only by establishing the existence of the individuals purported to be the depositors and creating documentary evidence for extending loan will not make the transactions genuine. - AT

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