This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Section 68 Addition Quashed for Violating Principles of Natural Justice
Case Law Details
- Case Name
- Manoj Anand Vs ITO (ITAT Guwahati)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Guwahati
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Manoj Anand Vs ITO (ITAT Guwahati)
Loan to Set Up DPS School Not Bogus: Tribunal Slams Borrowed Satisfaction- Suspicion Is Not Evidence: ITAT Deletes ₹3.43 Cr Addition u/s 68- Identity, Creditworthiness & Genuineness Proven—68 Addition Fails Completely
Assessee, a salaried individual, received ₹3,43,50,000 as unsecured loan from Urch Trading Pvt Ltd, which was immediately advanced to AARDA Education for establishing DPS School in Assam. AO reopened the case based on Insight-Portal alerts & Investigation Wing inputs alleging Urch Trading was a shell entity, lacked creditworthiness...
Author Info
