PAN Alone Insufficient for Section 68: Companies Must Prove Creditworthiness and Genuineness of Transactions Under Income Tax Act.

Addition u/s 68 - The PAN of the companies only prove their existence, and nothing else which is required u/s 68 of the Act - It does not does not prove the creditworthiness and the genuineness of the transactions - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X