TaxTMI 
TaxTMI 
section 68
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....ection 68<br> Query (Issue) Started By: - satbir singh wahi Dated:- 18-12-2010 Last Reply Date:- 18-12-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>the a.o. has added unsecured loans u/s 68 , as ad....
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....dresses of lenders was not given, though confirmed copy of account with PAN was filed .whether this action A.o.is correct. Whether one can appeal , as assessee has discharged onus by filing confirmati....
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....on.And A.O. has not intiated action u/s 131. Reply By CA Rachit Agarwal: The Reply: PAN definitely gives the identity of the person.You should furnish the address of the persons from whom the unsecu....
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....red loans are taken, so that AO can directly send the letters for the confirmation of the amount. As per Section 68, your explanations should be satisfactory. You can prefer appeal before CIT(A), pu....
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....rsuant to Section 246A, within 30 days of the receipt of the order.<br> Discussion Forum - Knowledge Sharing ....