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Income Tax - Highlights / Catch Notes

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Additions u/s.68 - unexplained cash credits in the form of ...

Income Tax

September 28, 2022

Additions u/s.68 - unexplained cash credits in the form of unsecured loans - We are pained to find that the A.O had not even thought it fit to refer to the material which was placed on record by the assessee in support of his aforesaid claim of having raised authentic loans from the aforementioned lenders. - CIT(A) rightly deleted the additions - AT

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