https://www.taxtmi.com/highlights?id=53535 Additions u/s 68 - in absence of any details of such cash loan received from his friends and relations and considering the fact that the assessee was showing a huge amount of opening cash balance, there was no justification for receiving cash from friends and relations, the addition made by the AO and sustained by the CIT(A) is justified en-us Fri, 29 May 2020 20:30:34 +0530 Fri, 29 May 2020 20:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53535 Additions u/s 68 - in absence of any details of such cash loan received from his friends and relations and considering the fact that the assessee was showing a huge amount of opening cash balance, there was no justification for receiving cash from friends and relations, the addition made by the AO and sustained by the CIT(A) is justified Highlights Income Tax Fri, 29 May 2020 20:30:34 +0530 https://www.taxtmi.com/highlights?id=53535