Live Help
Get News Alerts from Taxmann.com on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session
 

No sec. 68 additions if letter of confirmation of loan amount from various parties wasn't considered by AO

July 17, 2019[2019] 108 taxmann.com 170 (Karnataka)/[2019] 265 Taxman 446 (Karnataka)
198 Views

INCOME TAX: Where Assessing Officer made additions under section 68 on account of loans received by assessee from several parties treating same to be bogus, in view of fact that documents furnished by assessee by way of letter of confirmation issued by said parties to establish genuineness of loans received by assessee were not considered by Assessing Officer, impugned additions were unjustified and matter was to be remanded

taxmann.com
Payment
Best view in 1140 x 768