https://www.taxtmi.com/highlights?id=74148 Unexplained cash credit - addition u/s 68 - - CIT(Appeals) has held that it is for the businessman to decide how it wants to use its funds. The subscribers have not borrowed the money for making investment with the assessee-company. The group concern might have decided to start some activity on substantial basis in the assessee-company, therefore, it could be a support from the group concern. - CIT(A) rightly deleted the addition - AT en-us Sat, 13 Jan 2024 13:38:50 +0530 Sat, 13 Jan 2024 13:38:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74148 Unexplained cash credit - addition u/s 68 - - CIT(Appeals) has held that it is for the businessman to decide how it wants to use its funds. The subscribers have not borrowed the money for making investment with the assessee-company. The group concern might have decided to start some activity on substantial basis in the assessee-company, therefore, it could be a support from the group concern. - CIT(A) rightly deleted the addition - AT Highlights Income Tax Sat, 13 Jan 2024 13:38:50 +0530 https://www.taxtmi.com/highlights?id=74148