Section 68 Additions Challenged: Assessing Officer's Suspicion Lacks Evidence; Assessee Deducted TDS, Repaid Loans.

Section 68 Additions Challenged: Assessing Officer's Suspicion Lacks Evidence; Assessee Deducted TDS, Repaid Loans. https://www.taxtmi.com/highlights?id=18614 Additions u/s 68 - the factum of the assessee having deducted TDS on the interest of the loans and having repaid the loans also remains undisputed - the addition made by the AO was made only on the basis of suspicion and nothing else - AT en-us Tue, 20 May 2014 19:30:28 +0530 Tue, 20 May 2014 19:30:28 +0530 TaxTMI RSS Generator Section 68 Additions Challenged: Assessing Officer's Suspicion Lacks Evidence; Assessee Deducted TDS, Repaid Loans. https://www.taxtmi.com/highlights?id=18614 Additions u/s 68 - the factum of the assessee having deducted TDS on the interest of the loans and having repaid the loans also remains undisputed - the addition made by the AO was made only on the basis of suspicion and nothing else - AT Highlights Income Tax Tue, 20 May 2014 19:30:28 +0530 https://www.taxtmi.com/highlights?id=18614