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    Income Tax

    Addition u/s 68 - unexplained cash credit - credit worthiness of...

    Court Deletes Additions After Assessee Proves Shareholder Creditworthiness with Documentation u/s 68.

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    Income TaxJanuary 8, 2021Case LawsAT

    Addition u/s 68 - unexplained cash credit - credit worthiness of shareholders/investors to invest such huge amount - Genuineness of transactions - the assessee has discharged its onus by furnishing the necessary details such as copy of PAN, driving license, ITR, confirmation of the parties etc. in support of identity of the parties. - Additions deleted - AT

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