TMI BlogAddition u/s 68 - unexplained cash credit - even if the creditworthiness of the investors is not proved,...Addition u/s 68 - unexplained cash credit - even if the creditworthiness of the investors is not proved, even then it will not automatically give license to the AO to make additions in the hands of the recipient u/s 68, unless that is proved that it is the unexplained and unaccounted money of the assessee which has been introduced in its books of account in the name of bogus/non-existent entities - no addition ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
