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 assesseeā€™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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