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Section 68 Addition Deleted Due to Proven Identity and Source of Loans
Case Law Details
- Case Name
- DCIT Vs Dr. Jagat Narain Subharti Charitable Trust (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Delhi
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DCIT Vs Dr. Jagat Narain Subharti Charitable Trust (ITAT Delhi)
Section 68 Addition Deleted: Identity, Genuineness and Creditworthiness Established Through 133(6) Enquiry — ITAT Delhi Upholds Relief to Charitable Trust
The Delhi ‘B’ Bench of the Income Tax Appellate Tribunal, Delhi Bench dismissed the Revenue’s appeals for AYs 2012-13 and 2013-14 in the case of Dr. Jagat Narain Subharti Charitable Trust, thereby upholding the deletion of additions made under section 68 in respect of unsecured loans received from M/s RAN International Pvt. Ltd.
The assessments were reopened on the alleg...




