Assessee Proves Authenticity of Loan Transactions u/s 68; No Income Addition Justified Due to Lack of Evidence.

Addition u/s 68 - unsecured cash credit - when assessee had sufficiently discharged the ‘onus’ u/s 68 that was cast upon him for proving the authenticity of the loan transactions then in the absence of any ‘material’ placed on record by the A.O to dislodge the said duly substantiated claim of the assessee, no addition is called for .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X