Addition u/s 68 - unexplained cash credit - even if the ...

Income Tax

August 23, 2019

Addition u/s 68 - unexplained cash credit - even if the creditworthiness of the investors is not proved, even then it will not automatically give license to the AO to make additions in the hands of the recipient u/s 68, unless that is proved that it is the unexplained and unaccounted money of the assessee which has been introduced in its books of account in the name of bogus/non-existent entities - no addition

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Addition u/s 68 - unexplained cash credit - even if the ...

Income Tax

August 23, 2019

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