Addition Under Section 68 Unjustified When Loan Identity, Capacity, and Genuineness Are Duly Proven
Addition Under Section 68 Unjustified When Loan Identity, Capacity, and Genuineness Are Duly Proven Issue Whether unsecured loans from creditors can be added as unexplained cash credits under Section 68 merely due to non-response to Section 133(6) notices when identity, creditworthiness, and genuineness are established through primary documents and subsequent repayment through banking channels. Whether… Read More »