Addition u/s 68 - genuineness of the transaction and the credit ...

High Court Rules AO's Decision Unjustified for Not Verifying Transaction Genuineness and Investor Creditworthiness u/s 68.

May 24, 2017

Case Laws Income Tax HC

Addition u/s 68 - genuineness of the transaction and the credit worthiness of the foreign investor - AO would have inquired into their veracity from the bank(s) to ascertain the truth of the assessee’s claims. Having not done so, he was not justified in disregarding the assessee’s contentions - HC

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Addition u/s 68 - genuineness of the transaction and the credit ...

High Court Rules AO's Decision Unjustified for Not Verifying Transaction Genuineness and Investor Creditworthiness u/s 68.

May 24, 2017

Case Laws Income Tax HC

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