Case Law Details
Case Name : ACE Urban Developers Private Limited Vs ACIT (ITAT Visakhapatnam)
Appeal Number : I.T.A. Nos. 79/VIZ/2024
Date of Judgement/Order : 13/09/2024
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Visakhapatnam
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ACE Urban Developers Private Limited Vs ACIT (ITAT Visakhapatnam)
ITAT Visakhapatnam held that addition under section 68 of the Income Tax Act towards unsecured loan sustained as creditworthiness of the lender not proved. Accordingly, ground raised by the assessee dismissed.
Facts- The assessee is a domestic comp
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