Case Law Details
Case Name : KMG International Ltd Vs ACIT (ITAT Delhi)
Appeal Number : ITA No. 5591/Del/2010
Date of Judgement/Order : 21/07/2023
Related Assessment Year : 2007-08
Courts :
All ITAT ITAT Delhi
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KMG International Ltd Vs ACIT (ITAT Delhi)
ITAT Delhi held that addition under section 68 towards unsecured loan amount unjustified as identity and creditworthiness of creditors and genuineness of transaction duly proved by way of documentary evidences.
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