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 68

from www.taxmann.com Latest Case Laws https://ift.tt/3eRRQaU