https://www.taxtmi.com/highlights?id=48827 Addition u/s 68 - unexplained cash credit - even if the creditworthiness of the investors is not proved, even then it will not automatically give license to the AO to make additions in the hands of the recipient u/s 68, unless that is proved that it is the unexplained and unaccounted money of the assessee which has been introduced in its books of account in the name of bogus/non-existent entities - no addition en-us Fri, 23 Aug 2019 07:30:46 +0530 Fri, 23 Aug 2019 07:30:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48827 Addition u/s 68 - unexplained cash credit - even if the creditworthiness of the investors is not proved, even then it will not automatically give license to the AO to make additions in the hands of the recipient u/s 68, unless that is proved that it is the unexplained and unaccounted money of the assessee which has been introduced in its books of account in the name of bogus/non-existent entities - no addition Highlights Income Tax Fri, 23 Aug 2019 07:30:46 +0530 https://www.taxtmi.com/highlights?id=48827