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 Deleted for Ignoring Peak Credit
Case Law Details
- Case Name
- Smt. Nidhi Rani Vs ITO (ITAT Delhi)
- 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 Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Smt. Nidhi Rani Vs ITO (ITAT Delhi)
Peak Credit Accepted, Source-of-Source Not Required & GP Estimation Struck Down: Delhi ITAT Deletes ₹1.57 Cr 68 Addition & Trading Additions
Delhi ITAT, Delhi Bench ‘E’, in Smt. Nidhi Rani Vs ITO (ITA No.3323/Del/2023; AY 2018-19; order dated 19-12-2025), allowed the assessee’s appeal in full, deleting both the unsecured loan addition u/s 68 and the gross-profit estimation.
On section 68, the Tribunal held that the assessee had discharged the onus of proving identity, genuineness & creditworthiness of the lender (M/s Teja...
Author Info
