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![Circuitous Rotation of Unaccounted Money is not a Genuine Loan Transaction: ITAT upholds Addition u/s 68 [Read Order] Circuitous Rotation of Unaccounted Money is not a Genuine Loan Transaction: ITAT upholds Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Unaccounted-Money-Loan-Transaction-ITAT-taxscan.jpg)
Circuitous Rotation of Unaccounted Money is not a Genuine Loan Transaction: ITAT upholds Addition u/s 68 [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), has held thatcircuitous rotation of unaccounted money is not a genuine loan transaction and...