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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Addition u/s 69A - there is no doubt with regard to recording of ...


Assessing Officer Questions Unsecured Loans' Genuineness; No Income Additions u/s 69A for Loan Repayment Recording.

March 1, 2018

Case Laws     Income Tax     AT

Addition u/s 69A - there is no doubt with regard to recording of repayment of loan in the books of account and the source of such fund. - What the Assessing Officer has doubted to disallow the repayment is the genuineness of unsecured loans received by the assessee in the earlier assessment years - No additions - AT

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