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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Addition u/s 68 - cash credit - reliance of statement - ...

Income Tax

February 16, 2019

Addition u/s 68 - cash credit - reliance of statement - creditors had appeared and confirmed the transactions of loans advanced to the assessee. - AO had no valid basis for treating the ‘unsecured loans’ as ‘accommodation entries’.

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