INCOME TAX : Where assessee received a loan of certain amount and had placed on record relevant details such as complete address and PAN in order to prove identity and creditworthiness of loan party and assessee had received amount by account payee cheque and said amount was also refunded to said party by crossed account payee cheque, impugned addition under section 68 made on account of said loan amount received by assessee only on ground of non-compliance with section 133(6), was unjustified
from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315053/architect-fees-claimed-as-statutory-deduction-from-rental-income-can’t-be-allowed-as-deduction-us-371-itat.aspx
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