Assessing Officer's Acceptance of Shareholder Creditworthiness Must Be Evaluated Independently for Each Case, Not Based on Prior Acceptance.

Assessing Officer's Acceptance of Shareholder Creditworthiness Must Be Evaluated Independently for Each Case, Not Based on Prior Acceptance. https://www.taxtmi.com/highlights?id=33034 Undisclosed cash credit - it is not necessary that because AO accepted the credit worthiness in case of other shareholder-companies, he should have accepted in case of the two impugned shareholders also - AT en-us Sat, 28 Jan 2017 10:34:11 +0530 Sat, 28 Jan 2017 10:34:11 +0530 TaxTMI RSS Generator Assessing Officer's Acceptance of Shareholder Creditworthiness Must Be Evaluated Independently for Each Case, Not Based on Prior Acceptance. https://www.taxtmi.com/highlights?id=33034 Undisclosed cash credit - it is not necessary that because AO accepted the credit worthiness in case of other shareholder-companies, he should have accepted in case of the two impugned shareholders also - AT Highlights Income Tax Sat, 28 Jan 2017 10:34:11 +0530 https://www.taxtmi.com/highlights?id=33034