https://www.taxtmi.com/highlights?id=70902 Addition u/s 68 - Unsecured Loans - onus to proof - Assessee had also paid interest on the unsecured loan after deducting TDS @20% which reveals that during subsequent assessment year 2012-13 (A.Y. 2013- 14) the assessee had squared up the account by repaying entire loan amount along with due interest after deducting TDS @ 20% - assessee has successfully discharges its onus lend on his shoulders - Additions deleted - AT en-us Fri, 14 Jul 2023 11:17:30 +0530 Fri, 14 Jul 2023 11:17:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70902 Addition u/s 68 - Unsecured Loans - onus to proof - Assessee had also paid interest on the unsecured loan after deducting TDS @20% which reveals that during subsequent assessment year 2012-13 (A.Y. 2013- 14) the assessee had squared up the account by repaying entire loan amount along with due interest after deducting TDS @ 20% - assessee has successfully discharges its onus lend on his shoulders - Additions deleted - AT Highlights Income Tax Fri, 14 Jul 2023 11:17:30 +0530 https://www.taxtmi.com/highlights?id=70902