Notices u/s 133(6) not enough for verification of loan transactions from shell companies. High Court
March 22, 2024
High Courts, Income Tax
Notices u/s 133(6) not enough for verification of loan transactions from shell companies. AO ought to have done further inquiry to ascertain genuineness & creditworthiness – High Court Notice under Section 133(6) of the Act is not enough to verify identity, genuineness and creditworthiness of transactions from shell …