TMI BlogAddition u/s 68 - unexplained unsecured loan - capacity/creditworthiness of creditor - The creditor has...Addition u/s 68 - unexplained unsecured loan - capacity/creditworthiness of creditor - The creditor has given loan to assessee out of proceeds held in Bank A/c from clearing of cheque and not from his income. Therefore, it is prima facie wrong to judge the capacity/creditworthiness of creditor with his income. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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