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    Addition u/s 69A - there is no doubt with regard to recording of...

    Assessing Officer Questions Unsecured Loans' Genuineness; No Income Additions u/s 69A for Loan Repayment Recording.

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    Income TaxMarch 1, 2018Case LawsAT

    Addition u/s 69A - there is no doubt with regard to recording of repayment of loan in the books of account and the source of such fund. - What the Assessing Officer has doubted to disallow the repayment is the genuineness of unsecured loans received by the assessee in the earlier assessment years - No additions - AT

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    ActsIncome Tax