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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - unexplained loan - unexplained cash credit - ...


Loans Received and Repaid via Banking Channels u/s 68 Are Genuine, Not Unexplained Cash Credit.

December 29, 2022

Case Laws     Income Tax     AT

Addition u/s 68 - unexplained loan - unexplained cash credit - once the amount of loan received through banking channel and repayment of the same along with interest also made through banking channel then the genuineness cannot be doubted. - AT

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