Unsecured loans u/s 68 - As the directors of the lending ...

Directors' affidavits confirm unsecured loans u/s 68; uncontested, presumed accurate per 1956 apex court precedent.

May 11, 2021

Case Laws Income Tax AT

Unsecured loans u/s 68 - As the directors of the lending companies had filed affidavits confirming the loan transactions before the ld AO which had not been disputed. Once the averments made in the affidavit are not disputed or refuted, the same are to be construed as true and correct - Decision of apex court of 1956 followed - AT

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Unsecured loans u/s 68 - As the directors of the lending ...

Directors' affidavits confirm unsecured loans u/s 68; uncontested, presumed accurate per 1956 apex court precedent.

May 11, 2021

Case Laws Income Tax AT

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