Failure to Prove Genuineness of Creditors: Jharkhand HC upholds Income Tax Addition [Read Order]

Jharkhand HC upholds the income tax addition on failure to prove genuineness of creditors
Genuineness of Creditors - Jharkhand HC - Income Tax Addition - TAXSCAN

The Jharkhand High Court upheld the income tax addition on failure to prove genuineness of creditors. The case of both the assessee’s were selected for scrutiny and statutory notices were issued during the course of assessment proceeding. In the case of Harmeet Singh; the assessee filed copy of deed, profit and loss account, capital account,…

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