Sponsored
    Follow Us:

Case Law Details

Case Name : Satty and Associates Vs ACIT (ITAT Hyderabad)
Related Assessment Year : 2015-16
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Satty and Associates Vs ACIT (ITAT Hyderabad)

Conclusion: Addition made under Section 69A for an alleged unexplained cash loan was not justified as assessee provided evidence of receiving the loan through banking channels and not through cash.

Held: Assessee was a partnership firm. Search and seizure operation u/s 132 was conducted in the case of Sri Satty Ramkumar Reddy and assessee-firm. Consequent to search, notice u/s 153A was issued and duly served on assessee. In response to the notice u/s 153A, assessee filed return of income, admitti

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
April 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930