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Income Tax - Highlights / Catch Notes

Home Highlights September 2023 Year 2023 This

Non-genuine unsecured loan u/s. 68 - When part of the loans ...

Income Tax

September 21, 2023

Non-genuine unsecured loan u/s. 68 - When part of the loans taken from the same lender has been accepted by the Assessing Officer as genuine, then it is not understandable as to why the balance loan taken from the same lender should be treated as non-genuine on the ground that no “confirmation” from the said the lender has been filed. - AT

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