Penalty u/s 271(1)(c) - Addition for unsecured loan u/s 68 - the ...

Income Tax

September 15, 2022

Penalty u/s 271(1)(c) - Addition for unsecured loan u/s 68 - the assessee was not found able to substantiate the explanation pertaining amount of unsecured loan received, but the assessee successfully proved that the explanation is bona fide and all the material facts relating to the same was disclosed by him before the authorities below - No penalty - AT

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Penalty u/s 271(1)(c) - Addition for unsecured loan u/s 68 - the ...

Income Tax

September 15, 2022

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