Disallowance u/s 36(1)(iii) and additions u/s 68 - a perusal of ...

Court Examines Loan Creditor's Balance Sheet; Disallowance u/s 36(1)(iii) and Additions u/s 68 Discussed.

July 30, 2019

Case Laws Income Tax AT

Disallowance u/s 36(1)(iii) and additions u/s 68 - a perusal of the balance sheet of the loan creditor shows that it has got sufficient share capital and free reserves of its own and, therefore, merely because the assessee has incurred loss during the current year should not be a ground for making the addition u/s 68

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Disallowance u/s 36(1)(iii) and additions u/s 68 - a perusal of ...

Court Examines Loan Creditor's Balance Sheet; Disallowance u/s 36(1)(iii) and Additions u/s 68 Discussed.

July 30, 2019

Case Laws Income Tax AT

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