Unexplained Cash Credits u/s 68: Assessee's Unsecured Loan from Suspected Shell Entities Leads to Income Additions.

Unexplained Cash Credits u/s 68: Assessee's Unsecured Loan from Suspected Shell Entities Leads to Income Additions. https://www.taxtmi.com/highlights?id=34971 Unexplained cash credit u/s.68 - unsecured loan taken - the assessee has maintained stoic silence on being told about these lenders being alleged to be shell entities, thus not inclined to believe that these are genuine business transactions - additions confirmed - AT en-us Thu, 25 May 2017 10:59:37 +0530 Thu, 25 May 2017 10:59:37 +0530 TaxTMI RSS Generator Unexplained Cash Credits u/s 68: Assessee's Unsecured Loan from Suspected Shell Entities Leads to Income Additions. https://www.taxtmi.com/highlights?id=34971 Unexplained cash credit u/s.68 - unsecured loan taken - the assessee has maintained stoic silence on being told about these lenders being alleged to be shell entities, thus not inclined to believe that these are genuine business transactions - additions confirmed - AT Highlights Income Tax Thu, 25 May 2017 10:59:37 +0530 https://www.taxtmi.com/highlights?id=34971