Addition u/s 68 - cash credit - genuineness and creditworthiness ...

Court Highlights Evidence Requirement for Cash Credits u/s 68; Assumptions Insufficient Without Proof of Creditor Means.

October 27, 2016

Case Laws Income Tax AT

Addition u/s 68 - cash credit - genuineness and creditworthiness of creditors - Once they are alleging that they have advanced money to the assessee, then, merely on surmises it cannot be inferred that they were not having any means. - AT

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Addition u/s 68 - cash credit - genuineness and creditworthiness ...

Court Highlights Evidence Requirement for Cash Credits u/s 68; Assumptions Insufficient Without Proof of Creditor Means.

October 27, 2016

Case Laws Income Tax AT

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