Sunday, July 3, 2011

Where assessee submits details for loan taken

Dear Friend, while forwarding this mail , please keep the blog address link with it,(available at the bottom of this mail) so the receiver of the mail can see rest of the 140 home remedies. When ever he requires any information.

IT : Where assessee had taken loan from certain concern and had submitted confirmation of said concern along with their PAN, copy of bank statement as well as cash book, it could be said that assessee had proved genuineness of said loan and no addition could be made under section 68 - [2011] 12 5 (Agra - ITAT)(TM)

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