Unexplained cash credit - Since the matching assets shown in the ...

Court Upholds Income Additions Due to Unexplained Cash Credits; Firm Fails to Prove Source and Credibility of Funds.

November 6, 2017

Case Laws Income Tax AT

Unexplained cash credit - Since the matching assets shown in the balance sheet, the money has come into the firm in the name of Pushkara, assessee is duty bound to explain the source with identification, genuineness and credit worthiness of the capital contributor - additions confirmed.

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Unexplained cash credit - Since the matching assets shown in the ...

Court Upholds Income Additions Due to Unexplained Cash Credits; Firm Fails to Prove Source and Credibility of Funds.

November 6, 2017

Case Laws Income Tax AT

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