Answers On Topic: return not filed
whether AO made addition as business receipt in A Y 2017-18 on the ground that unsecured loan accepted during the year by account payee cheque is not reflected in the bank account of the assessee and disclosed in the Balance sheet and cit a has confirm the same as unsecured loan u/sec 68 on the ground that assessee though has submitted confirmation , PAN , bank statement , however the depositer has not filed the ROI , assessee has not explained the source of money of depositer . whether it is permissible under income tax act 1961 ? Whether addition…
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