Tribunal Orders Detailed Probe into Loan Creditor's Creditworthiness; Appellant to Submit Proof u/s 68.

Tribunal Orders Detailed Probe into Loan Creditor's Creditworthiness; Appellant to Submit Proof u/s 68. https://www.taxtmi.com/highlights?id=77484 Addition u/s 68 - Creditworthiness of the Loan Lender - Genuineness of the Transaction - The Tribunal set aside the matter to the AO for a thorough examination of the creditworthiness of the loan lender. The appellant is required to furnish all necessary documents to establish the authenticity and creditworthiness of the loan creditor. The AO is instructed to allow reasonable opportunity for the appellant to present supporting evidence. en-us Thu, 16 May 2024 08:07:37 +0530 Thu, 16 May 2024 08:07:37 +0530 TaxTMI RSS Generator Tribunal Orders Detailed Probe into Loan Creditor's Creditworthiness; Appellant to Submit Proof u/s 68. https://www.taxtmi.com/highlights?id=77484 Addition u/s 68 - Creditworthiness of the Loan Lender - Genuineness of the Transaction - The Tribunal set aside the matter to the AO for a thorough examination of the creditworthiness of the loan lender. The appellant is required to furnish all necessary documents to establish the authenticity and creditworthiness of the loan creditor. The AO is instructed to allow reasonable opportunity for the appellant to present supporting evidence. Highlights Income Tax Thu, 16 May 2024 08:07:37 +0530 https://www.taxtmi.com/highlights?id=77484