Home / 
Assessee avoids extra tax on L1 visa application loan from overseas friends; transaction justified under scrutiny.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Unexplained Cash Credit – temporary loan from friends and relatives abroad for the purpose of filing immigration application for L1 visa for USA - Assessee had established the necessary ingredients - No addition - HC....
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
TaxTMI