Unexplained loans - assessee was required to prove the capacity ...

Assessee Fails to Prove Creditors' Financial Capacity; Additions Confirmed Due to Lack of Evidence.

May 19, 2015

Case Laws Income Tax AT

Unexplained loans - assessee was required to prove the capacity of the creditors to advance money, but the assessee could not produce the bank statement or other evidence to prove the financial creditworthiness - additions confirmed - AT

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Unexplained loans - assessee was required to prove the capacity ...

Assessee Fails to Prove Creditors' Financial Capacity; Additions Confirmed Due to Lack of Evidence.

May 19, 2015

Case Laws Income Tax AT

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