64 results for “section 68”+ Section 131clear
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In the result, the appeal filed by the Revenue is dismissed
Bench: Shri A. T. Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.160/Gau/2018 ("नधा"रणवष" / Assessment Year:2013-14)
131 of the Act. Taking into account the entirety of the facts and circumstances, the AO came on conclusion that assessee could not prove the creditworthiness of Ms. JenitaWallang and genuineness of the transaction in respect of unsecured loan of Rs. 80 lakh, therefore, he made addition under section 68