Case Law Details
Case Name : Shri Ashutosh Garg Vs ACIT (ITAT Delhi)
Appeal Number : IT Appeal No.-5642/2012
Date of Judgement/Order : 30/10/2015
Related Assessment Year : 2003-04
Courts :
All ITAT ITAT Delhi
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Brief of the case:
- The ITAT Delhi in the case of Shri Ashutosh Garg vs. ACIT held that when the assessee had produced his copy of bank accounts showing the advancing of loan to non-resident and its repayment collection along with affidavit filed both by non-resident and assessee , the creditworthiness and genuineness of transaction gets proved and merely because assessee failed to produce the bank account copies of payer does not make the transaction unexplained Within the meaning of Section 68.
Facts of the case:
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.