Sec. 68 additions justified as donors who confirmed grant of loan have retracted it during CBI investigation: HC

INCOME TAX : Where assessee-trust received donation from donors who initially submitted confirmation of donation, however during investigation by CBI confessed that they had not given any such donations; since genuineness of donors could not be established, donations were to be treated as bogus and additions were to be made under section 68INCOME TAX : Where assessee-trust received donation from donors who initially submitted confirmation of donation, however during investigation by CBI confessed that they had not given any such donations; since genuineness of donors could not be established, donations were to be treated as bogus and additions were to be made under section 68www.taxmann.com Latest Case LawsRead More

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