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Case Law Details

Case Name : Sidiqbhai Usmanbhai Kaliwala Vs DCIT (ITAT Ahmedabad)
Appeal Number : ITA No. 1945/Ahd/2018
Date of Judgement/Order : 13/07/2022
Related Assessment Year : 2015-16
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Sidiqbhai Usmanbhai Kaliwala Vs DCIT (ITAT Ahmedabad)

It is seen from record, the assessee paid interest free loan of Rs. 21,67,952/- to M/s. S.S. Enterprise, out of the interest free funds available with the assessee, who has made a profit of Rs. 31,04,682/- during the assessmen

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