Monday, April 27, 2015

[aaykarbhavan] AO can’t accept genuineness of loan merely on basis of bank statements and letter of confirmation from creditors



AO can't accept genuineness of loan merely on basis of bank statements and letter of confirmation from creditors

April 27, 2015[2015] 56 taxmann.com 283 (Calcutta)
IT : Assessing Officer could not accept genuineness of loan taken by assessee from various creditors merely on basis of their bank statements and letter of confirmations as he was required to examine creditworthiness of said creditors as well
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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