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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Unaccounted and Unexplained cash credit u/s 68 - capital ...

Income Tax

April 5, 2023

Unaccounted and Unexplained cash credit u/s 68 - capital introduced by partners - There was no justification for making addition to the total income of the assessee on account of capital introduced by its partners since the assessee duly justified the identity and creditworthiness of the partners as well as genuineness of the transactions as entered into with them.- AT

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