Section 68: Loans Declared and Accepted in Tax Returns Are Genuine, No Additional Taxation Required.

Section 68: Loans Declared and Accepted in Tax Returns Are Genuine, No Additional Taxation Required. https://www.taxtmi.com/highlights?id=19330 Addition u/s 68 - Where the loan creditors have shown the amount advanced to the assessee in the income tax return filed with the Income Tax Department and the Department has accepted the same, then the credits are prima facie genuine - AT en-us Tue, 15 Jul 2014 11:31:08 +0530 Tue, 15 Jul 2014 11:31:08 +0530 TaxTMI RSS Generator Section 68: Loans Declared and Accepted in Tax Returns Are Genuine, No Additional Taxation Required. https://www.taxtmi.com/highlights?id=19330 Addition u/s 68 - Where the loan creditors have shown the amount advanced to the assessee in the income tax return filed with the Income Tax Department and the Department has accepted the same, then the credits are prima facie genuine - AT Highlights Income Tax Tue, 15 Jul 2014 11:31:08 +0530 https://www.taxtmi.com/highlights?id=19330