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Unexplained Cash Credits (Section 68): Judicial Shift on Documentary Sufficiency for Unsecured Loans (2023–2025)
1. Introduction: The Doctrinal Shift in Unexplained Cash Credits under Section 68 The adjudication of unexplained cash credits under Section 68 of the Income Tax Act, 1961, has und
CIT v Durga Prasad More: Section 68 IT Act Cash Credits
A summary of the case law and its implications for income tax assessments Introduction The Income Tax Appellate Tribunal (ITAT) continues to play a crucial role in shaping the juri
