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Income Tax - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Unexplained cash credits u/s 68 - There is no justification in ...

Income Tax

August 17, 2023

Unexplained cash credits u/s 68 - There is no justification in treating the loans raised by the assessee from the said companies as unexplained cash credits u/s 68 - Apart from that the part-repayment of loan by the assessee to one of the lenders further fortifies the authenticity of the loan transaction under consideration. - Additions deleted - AT

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