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Income Tax - Highlights / Catch Notes

Home Highlights September 2023 Year 2023 This

Additions u/s 68 - Unsecured loans - The source of such credit ...

Income Tax

September 20, 2023

Additions u/s 68 - Unsecured loans - The source of such credit was not proved before the authority. Hence, though the identity of the creditor was proved, neither was the creditworthiness of the creditor nor the genuineness of the transaction established. - Additions confirmed - HC

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