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Delhi HC deletes addition for unsecured Loan which was duly substantiated
Case Law Details
- Case Name
- PCIT-12 Vs Avdesh Mishra (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All High Courts, Delhi High Court
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PCIT Vs Avdesh Mishra (Delhi High Court)
Introduction: In the case of “PCIT Vs Avdesh Mishra,” pertaining to Assessment Year 2016-17, the Delhi High Court delivered a significant verdict. The essence of this case revolves around the Assessing Officer’s addition for an unsecured loan obtained by the respondent/assessee from Dayal Trust. This article provides an in-depth analysis of the court’s decision and the circumstances leading to the deletion of the addition.
AO’s Addition for Unsecured Loan: The Assessing Officer (AO) had, through an assessment order dated 2...
