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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Addition u/s 68 - The PAN of the companies only prove their ...


PAN Alone Insufficient for Section 68: Companies Must Prove Creditworthiness and Genuineness of Transactions Under Income Tax Act.

April 12, 2018

Case Laws     Income Tax     AT

Addition u/s 68 - The PAN of the companies only prove their existence, and nothing else which is required u/s 68 of the Act - It does not does not prove the creditworthiness and the genuineness of the transactions - AT

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