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Income Tax - Highlights / Catch Notes

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Additions u/s 68 - unsecured loans - unexplained cash credit - ...


Court Upholds Additions u/s 68 for Unexplained Cash Credits Due to Lack of Proof on Transaction Legitimacy.

October 5, 2013

Case Laws     Income Tax     HC

Additions u/s 68 - unsecured loans - unexplained cash credit - proof of source of source or origin of the cash credits – Very genuineness of the transaction was not established - additions confirmed - HC

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