Case Law Details
Case Name : Ten Construction (India) Private Limited Vs PCIT (ITAT Mumbai)
Appeal Number : I.T.A No. 2318/Mum/2024
Date of Judgement/Order : 10/09/2024
Related Assessment Year : 2018-19
Courts :
All ITAT ITAT Mumbai
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Ten Construction (India) Private Limited Vs PCIT (ITAT Mumbai)
ITAT Mumbai held that invocation of revisionary proceeding u/s. 263 justified as AO was fully ignorant about verification of unsecure loan and addition of 10% unsecured loan by AO was baseless hence assessment order turned out to be erroneous and prejudicial to the interest
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