Addition under Section 68 for unsecured loans from financially sound entities is legally unsustainable.
Addition under Section 68 for unsecured loans from financially sound entities is legally unsustainable. Issue Whether additions made under Section 68 of the Income-tax Act, 1961 (corresponding to Section 102 of the Income-tax Act, 2025) as unexplained cash credits on account of unsecured loans received by the assessee-company are legally sustainable, where the lenders established… Read More »