This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT Delhi Rejects Bogus-Loan Charge; Lenders’ Creditworthiness Proven—SFIO Clean Report Saves Assessee
Case Law Details
- Case Name
- DCIT Vs Bright Buildtech Pvt. Ltd. (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
DCIT Vs Bright Buildtech Pvt. Ltd. (ITAT Mumbai)
No Bogus Loan: ITAT Confirms Creditworthiness of lenders & Rejects Revenue’s Doubts- Shell-Company Allegation Fails: SFIO Clean Report Helps Assessee Win Before ITAT Delhi
A search was conducted in the ACE & Rudra Group on 04.01.2022. Assessee filed ROI declaring loss of ₹15.43 crore. AO noted unsecured loans received from M/s Hallow Securities Pvt Ltd & M/s Dhankalash Distributors Pvt Ltd. AO treated ₹9.60 crore from Hallow Securities & ₹25 lakh from Dhankalash as unexplained, invoking s.68 r.w.s.1...
Author Info
