The Income Tax Appellate Tribunal (ITAT), Cochin bench has held that mere production of the confirmation letter by the partners of the Firm is not sufficient to prove the genuineness of cash credits for the purpose of Section 68 of the Income Tax Act, 1961. In the instant case, the department, on verification of the […]
The post Mere Confirmation Letter from Partners not sufficient to prove Genuineness of Cash Credits: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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