<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>High Court Upholds Additions u/s 68 Due to Unproven Credit Source Despite Creditor Identity Being Established.</title>
    <link>https://www.taxtmi.com/highlights?id=72118</link>
    <description>Additions u/s 68 - Unsecured loans - The source of such credit was not proved before the authority. Hence, though the identity of the creditor was proved, neither was the creditworthiness of the creditor nor the genuineness of the transaction established. - Additions confirmed - HC</description>
    <language>en-us</language>
    <pubDate>Wed, 20 Sep 2023 13:40:43 +0530</pubDate>
    <lastBuildDate>Wed, 20 Sep 2023 13:40:43 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=726664" rel="self" type="application/rss+xml"/>
    <item>
      <title>High Court Upholds Additions u/s 68 Due to Unproven Credit Source Despite Creditor Identity Being Established.</title>
      <link>https://www.taxtmi.com/highlights?id=72118</link>
      <description>Additions u/s 68 - Unsecured loans - The source of such credit was not proved before the authority. Hence, though the identity of the creditor was proved, neither was the creditworthiness of the creditor nor the genuineness of the transaction established. - Additions confirmed - HC</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Wed, 20 Sep 2023 13:40:43 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=72118</guid>
    </item>
  </channel>
</rss>