Income Tax | Low Income Doesn’t Mean Low Creditworthiness: AO Must Investigate U/s 68

Mumbai ITAT deletes ₹4.95 crore section 68 additions, holding that low returned income cannot by itself establish lack of creditworthiness where identity, genuineness and documentary evidence are furnished. The post Low Income Doesn’t Mean Low Creditworthiness: AO Must Investigate U/s 68 appeared first on TaxGuru .