Case Law Details
Case Name : ACIT Vs SRKM Steel (P) Ltd. (ITAT Guwahati)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Guwahati
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
ACIT Vs SRKM Steel (P) Ltd. (ITAT Guwahati)
Loan Repayment Seals Genuineness: Guwahati ITAT Upholds Deletion of ₹2.86 Cr 68 Addition on Unsecured Loans
Guwahati ITAT, Guwahati Bench, in ACIT Vs SRKM Steel (P) Ltd. (ITA No.168/GTY/2020; AY 2017-18; order dated 15-12-2025), dismissed the Revenue’s appeal and upheld the deletion of ₹2,86,21,750 added u/s 68 on account of unsecured loans and related interest.
The assessee had received unsecured loans aggregating ₹2.82 crore from various corporate lenders and paid interest of ₹4.21 lakh. During assessment, the AO doubted the creditworthin...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
