TaxTMI 
TaxTMI 
Assessee Company Meets Section 68 Obligations; No Additions on Unexplained Cash Credits Allowed Under Income Tax Act.
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....Unexplained cash credit u/s.68 - it could be safely concluded that assessee company had duly discharged its complete onus with regard to Section 68 of the Act. Hence, there could not be any addition u/s.68 of the Act even on merits on protective basis or on substantive basis. - AT....