Addition u/s 68 - anonymous donations u/s 115BBC - the action of ...

Income Tax

August 21, 2021

Addition u/s 68 - anonymous donations u/s 115BBC - the action of the A.O. to treat the deposits under reference as anonymous donations u/s 115BBC is completely unlawful since all the loan creditors had opening balances and had also filed copies of ITRs, Thus, by no stretch of imagination could the AO treat these loans as anonymous donation u/s 115BBC. - AT

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Addition u/s 68 - anonymous donations u/s 115BBC - the action of ...

Income Tax

August 21, 2021

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