TMI BlogAddition of unsecured loan from its employees as unexplained cash credit - employees’ identity cards...Addition of unsecured loan from its employees as unexplained cash credit - employees’ identity cards were produced before the AO and the nominal amount collected from each employees was treated as a security money, therefore, it cannot be treated as unsecured loan and there is no violation of Section 68 of the Act, 1961 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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