Addition of explained cash credit u/s 68 - the lenders of funds ...

Court Upholds Addition of Explained Cash Credit u/s 68 Due to Lack of Lenders' Documentary Evidence and Creditworthiness.

May 10, 2019

Case Laws Income Tax HC

Addition of explained cash credit u/s 68 - the lenders of funds have not, at any stage, discharged their onus in furnishing documentary evidence in respect of cash deposits made in their accounts and against which loans were advanced to the assessee - The creditworthiness of the lenders and the genuineness of the transaction was not clear - addition sustained

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Addition of explained cash credit u/s 68 - the lenders of funds ...

Court Upholds Addition of Explained Cash Credit u/s 68 Due to Lack of Lenders' Documentary Evidence and Creditworthiness.

May 10, 2019

Case Laws Income Tax HC

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