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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Addition u/s 68 - proof of identity, creditworthiness and ...

Income Tax

June 20, 2019

Addition u/s 68 - proof of identity, creditworthiness and genuineness of the loan obtained - loans have been advanced by the companies through banking channels or from their own funds and there is no allegation of the AO that there was cash deposits in the bank accounts by these lenders before providing loans and there was no adverse information with the AO in respect of the lenders - no addition

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