Tax Authorities Disallow Loans as Unproved Cash Credits u/s 68, Added to Income from Other Sources.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Unproved cash credits u/s 68 - A.O. rightly disallowed amounts borrowed from the loan creditors u/s 68 of the Act and the same is added in the hands of the assessee as an income from other sources. - AT....