Tag Archives: R/TAX APPEAL NO. 641 OF 2018

Unsecured loan/ Gifts to be added in Income if paying capacity of giver is not proved : HC

By | September 17, 2018

when the assessee failed to prove the capacity of the concerned persons who alleged to have given the unsecured loan and/or gift, it cannot be said that the learned Tribunal has committed any error in confirming the additions made by the Assessing officer and confirmed by the CIT (Appeals) of Rs.19,92,730/- as unsecured cash credit.… Read More »