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Addition u/s 68 can be made for non production of lenders
Case Law Details
- Case Name
- Smt. Suman Gupta Vs Income-tax Officer, Ward 1, Aligarh (ITAT Agra)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
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IN THE ITAT AGRA BENCH
Smt. Suman Gupta
v/s.
Income-tax Officer, Ward 1, Aligarh
IT APPEAL NO. 454 (AGRA) OF 2009
[ASSESSMENT YEAR 2007-08]
MARCH 16, 2012
ORDER
Bhavnesh Saini, Judicial Member
This appeal by the assessee is directed against the order of ld. CIT(A), Ghaziabad dated 24.09.2009 for the assessment year 2005-06.
2. The assessee raised several grounds of appeal. The assessee has also filed concise grounds of appeal in which he has challenged the addition of Rs. 13,00,000/- on account of unexplained cash credits/loans u/s. 68 of the IT Act and disallowance of 20% expenditure out of c...
