https://www.taxtmi.com/highlights?id=74172 Addition u/s 68 - Cash loan and interest income earned on such cash loan unexplained - It is not understandable as how the cash loan are unexplained, when the AO has not indicated any source of cash accumulation as from undisclosed sources, thus, even otherwise extending of such cash loans out of accumulated cash balance (presumably out of cash saved by way not showing full household withdrawal) does not justify for addition u/s 68. - AT en-us Mon, 15 Jan 2024 09:06:24 +0530 Mon, 15 Jan 2024 09:06:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74172 Addition u/s 68 - Cash loan and interest income earned on such cash loan unexplained - It is not understandable as how the cash loan are unexplained, when the AO has not indicated any source of cash accumulation as from undisclosed sources, thus, even otherwise extending of such cash loans out of accumulated cash balance (presumably out of cash saved by way not showing full household withdrawal) does not justify for addition u/s 68. - AT Highlights Income Tax Mon, 15 Jan 2024 09:06:24 +0530 https://www.taxtmi.com/highlights?id=74172