Section 68: Investor Companies' Meager Income Alone Cannot Justify Doubting Unexplained Cash Credit, Creditworthiness Stands with Sufficient Funds.

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....Unexplained cash credit u/s 68 - Merely because the Investor Companies have shown meager income during the impugned assessment year, the same in my opinion, cannot be a ground to doubt the creditworthiness of the said company especially when the said company is having sufficient funds in its account in shape of share capital and free reserves. - AT....