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🔎 Highlights - Adv. Search ❯
    July 29, 2025 Case Laws Income Tax
    Rejection of Third-Party Info Disclosure Under IT Act Section 138(1)(b) Upheld in Criminal Case Context
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    Income Tax

    Addition u/s 68 - Unsecured Loans - onus to proof - Assessee had...

    Assessee Successfully Discharges Burden of Proof u/s 68 for Unsecured Loans; Additions Deleted.

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    Income TaxJuly 14, 2023Case LawsAT

    Addition u/s 68 - Unsecured Loans - onus to proof - Assessee had also paid interest on the unsecured loan after deducting TDS @20% which reveals that during subsequent assessment year 2012-13 (A.Y. 2013- 14) the assessee had squared up the account by repaying entire loan amount along with due interest after deducting TDS @ 20% - assessee has successfully discharges its onus lend on his shoulders - Additions deleted - AT

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