Addition u/s 68 - unsecured loan & sundry creditors - bank ...

Section 68 Addition Deleted: AO Failed to Verify Creditor's Authenticity u/s 133(6) for Unsecured Loans.

March 12, 2021

Case Laws Income Tax AT

Addition u/s 68 - unsecured loan & sundry creditors - bank statements were furnished but the AO has not issued notice to the creditor u/s. 133(6) of the Act to know the truth and added the same to the income of the assessee. Hence, we also find no justification to confirm the said amount and delete the same - AT

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Addition u/s 68 - unsecured loan & sundry creditors - bank ...

Section 68 Addition Deleted: AO Failed to Verify Creditor's Authenticity u/s 133(6) for Unsecured Loans.

March 12, 2021

Case Laws Income Tax AT

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