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![Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Loan-Amount-Labour-Work-Income-ITAT-taxscan.jpeg "Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]")
Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the loan amount obtained by the assessee from his friends out of their labour...