https://www.taxtmi.com/highlights?id=55796 Addition u/s 68 and 69C - It is neither the AO’s case that the loan creditors are not income-tax assessee’s nor has he alleged that the documents and evidences furnished by the appellant in support of loan transactions were false or suffered from defects or do not tally with the Department’s records. - Aggregate additions being principal loan amount received by the appellant from the fifteen bodies corporate did not constitute its income chargeable u/s 68 of the Act. - AT en-us Tue, 08 Dec 2020 11:29:19 +0530 Tue, 08 Dec 2020 11:29:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55796 Addition u/s 68 and 69C - It is neither the AO’s case that the loan creditors are not income-tax assessee’s nor has he alleged that the documents and evidences furnished by the appellant in support of loan transactions were false or suffered from defects or do not tally with the Department’s records. - Aggregate additions being principal loan amount received by the appellant from the fifteen bodies corporate did not constitute its income chargeable u/s 68 of the Act. - AT Highlights Income Tax Tue, 08 Dec 2020 11:29:19 +0530 https://www.taxtmi.com/highlights?id=55796