https://www.taxtmi.com/highlights?id=55095 Addition u/s 68 - creditworthiness of the creditors and genuineness of the transaction - Merely low income declared in the return of income by the creditors is no ground to reject the explanation of the assessee-company because their creditworthiness is in several crores as is already admitted by the A.O. in the assessment order. - AT en-us Sat, 10 Oct 2020 15:50:33 +0530 Sat, 10 Oct 2020 15:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55095 Addition u/s 68 - creditworthiness of the creditors and genuineness of the transaction - Merely low income declared in the return of income by the creditors is no ground to reject the explanation of the assessee-company because their creditworthiness is in several crores as is already admitted by the A.O. in the assessment order. - AT Highlights Income Tax Sat, 10 Oct 2020 15:50:33 +0530 https://www.taxtmi.com/highlights?id=55095