Addition u/s 68 - assessee has received unsecured loan - as per ...

Assessing Officer's Challenge on Loan Capabilities Dismissed; No Additions Justified u/s 68 Due to Verified Transactions.

September 2, 2023

Case Laws Income Tax AT

Addition u/s 68 - assessee has received unsecured loan - as per AO lenders are not capable of providing such loan to assessee - Identity was not disputed by the AO. - The entire transactions took place through banking channel, therefore no justification for making such addition. - AT

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Addition u/s 68 - assessee has received unsecured loan - as per ...

Assessing Officer's Challenge on Loan Capabilities Dismissed; No Additions Justified u/s 68 Due to Verified Transactions.

September 2, 2023

Case Laws Income Tax AT

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