4 results for “penalty u/s 271”+ Unexplained Cash Creditclear
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In the result, appeal of the assessee in ITA No
Bench: Shri Chandra Mohan Garg & Laxmi Prasad Sahu
unexplained cash credit u/s.68 of the Act. 4. Facts in brief as emanated from the orders of lower authorities are that during the course of assessment proceedings, the Assessing officer noticed that the assessee has shown unsecured loans of Rs.43,04,368/-. The Assessing Officer required the assessee to furnish its bank accounts and the details of all the loan