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Loans from companies treated as income u/s 68; no extra tax due as documents were undisputed.

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Full Text of the Document

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....Loan received assessed as income u/s 68 - loan received from companies - loans were taken for a period of two months and have been repaid back with interest - Tax has also been deducted at source on the interest paid - The documents filed in support of identity, creditworthiness and genuineness have not been disputed by the revenue authorities at any stage - no addition....

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