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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Unexplained unsecured loan - By furnishing confirmation with ...


Court Rules: Appellant Proved Loan Validity; Further Investigation Required by Assessing Officer for Loan Authenticity.

February 24, 2014

Case Laws     Income Tax     AT

Unexplained unsecured loan - By furnishing confirmation with Pan, primary onus is discharged by the appellant - Onus thereafter shifts to the Assessing Officer to make further investigation and prove the credit non-genuine - AT

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