21 November 2022


Bogus Balance Sheet Prepared to Avail Bank Loan Can be Basis for Addition: Calcutta HC - 27.06.2018

Calcutta High Court has held that addition to income can be made on the basis of balance sheet and profit and loss accounts certified to have been prepared on estimate basis to avail bank loan and having no relation with the actual.

Tags : Calcutta High Court Loan

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