Case Law Details
Case Name : Nirbhay Consultants Pvt. Ltd. Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Ahmedabad
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Nirbhay Consultants Pvt. Ltd. Vs ITO (ITAT Ahmedabad)
Loan received Held Genuine & Used for Business Repayment – ITAT Ahmedabad Deletes ₹1.02 Cr Addition
Assessee appealed against the order of CIT(A), NFAC confirming addition of ₹1,02,15,000/- u/s 68 on account of loan received from Fiducia Infrastructure Pvt. Ltd.. AO, based on information from the Investigation Wing, Kolkata, observed that funds were routed through Gotil Properties Pvt. Ltd. & Talent Real Estate Pvt. Ltd. before being credited to Assessee. AO treated the loan as accommodation entry & made addition u/s 6...
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
