Mere clubbing loan account with capital account can not be treated unexplained income
June 20, 2024
Income Tax, ITAT
Mere clubbing loan account with capital account can not be treated as unexplained income – ITAT In a recent judgment, the ITAT Visakhapatnam has held that mere clubbing loan account with capital account in order to present better statement of account can not be treating as unexplained income. …