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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Unexplained credits introduced in the garb of unsecured loans - ...

Income Tax

February 11, 2016

Unexplained credits introduced in the garb of unsecured loans - Accommodation entries - CIT(A) found that even the basic step i.e. summons or query letter were not issued, to these cash creditor and not an iota of evidence has been collected and brought on record which indicates or prove that the cash credit money was assessee's own money - No addition - AT

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