Case Law Details
Case Name : Vikas Oil Mill Vs ITO (ITAT Jaipur)
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Jaipur
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Vikas Oil Mill Vs ITO (ITAT Jaipur)
TDS on Interest Proves Loan Genuineness -Unsecured Loans & Partners’ Capital Fully Explained
AO completed reassessment on 30.12.2016 determining income at Rs.41,64,313/- by making additions on three counts- trading addition of Rs.16,98,023/-, unexplained unsecured loans of Rs.10,00,000/- & unexplained capital introduced by partners of Rs.4,00,000/-. CIT(A) deleted the trading addition but sustained the other two.
Before Tribunal, Assessee contended that loan of Rs.7,00,000/- from M/s Hardayal & Co. & Rs.3,00,000/- from Smt. Lokmanya was gen...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
