Court Deletes Additions u/s 68 Despite Assessee Failing to Prove Creditworthiness of Confirmed Loan Providers.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Addition u/s 68 - Though the assessee may not be able to prove the creditworthiness of the creditors, but, the creditors have confirmed giving loans to the assessee for setting-up of the manufacturing unit. - Additions deleted.....