Addition u/s 68 - unexplained cash credit - No doubt, deficiency ...

Section 68 Cash Credits: Shareholders Verified, Revenue Appeal Dismissed After Proving Identity and Creditworthiness.

April 11, 2020

Case Laws Income Tax AT

Addition u/s 68 - unexplained cash credit - No doubt, deficiency if any is liable to be looked into even at the time of remand proceeding also. Each and every share-holder responded to the notice u/s 133(6) of the Act and submitted necessary details. The facts are not distinguishable at this stage. After the examination of each and every details by the CIT(A), the CIT(A) was of the view that the assessee has proved the identity, genuineness and creditworthiness of the share-holder. - Revenue appeal dismissed - AT

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Addition u/s 68 - unexplained cash credit - No doubt, deficiency ...

Section 68 Cash Credits: Shareholders Verified, Revenue Appeal Dismissed After Proving Identity and Creditworthiness.

April 11, 2020

Case Laws Income Tax AT

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