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 – Source of Source Not Required for AY 2014-15: ITAT Delhi
Case Law Details
- Case Name
- Singla Realters Ltd Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Singla Realters Ltd Vs ITO (ITAT Delhi)
Unsecured loan additions u/s 68 deleted – Source of source not required for A.Y. 2014-15; expenses restricted to 20% disallowance – ITAT Delhi
In Singla Realters Ltd vs ITO (A.Y. 2014-15), the AO made multiple additions including disallowance of construction material & travelling expenses and addition of ₹1.69 crore u/s 68 towards unsecured loans. The Tribunal held that since complete supporting details were not furnished for certain expenses, an ad-hoc disallowance of 20% of unsubstantiated building material and travelling exp...
Author Info
