https://www.taxtmi.com/highlights?id=52425 Unexplained cash credit under section 68 - Creditworthiness of MD cannot be doubted merely on the ground that the assessee failed to furnish the financial statement. As such, MD has declared the income in its income tax return as evident from the preceding paragraph which is running into crores of rupees and there was no defect of whatsoever was pointed out by the authorities below - AT en-us Thu, 19 Mar 2020 11:09:48 +0530 Thu, 19 Mar 2020 11:09:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52425 Unexplained cash credit under section 68 - Creditworthiness of MD cannot be doubted merely on the ground that the assessee failed to furnish the financial statement. As such, MD has declared the income in its income tax return as evident from the preceding paragraph which is running into crores of rupees and there was no defect of whatsoever was pointed out by the authorities below - AT Highlights Income Tax Thu, 19 Mar 2020 11:09:48 +0530 https://www.taxtmi.com/highlights?id=52425