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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Additions u/s 68 - loans received from eight different companies ...


Section 68: Loan Transactions Deemed Genuine; No Income Additions as Repayments Confirm Authenticity.

March 11, 2019

Case Laws     Income Tax     AT

Additions u/s 68 - loans received from eight different companies and interest paid thereon - if these loans were not genuine, then in that eventuality the same would not have been repaid - No additions.

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