Case Law Details
Case Name : ITO Vs Balwan Singh (ITAT Delhi)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Delhi
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ITO Vs Balwan Singh (ITAT Delhi)
The ruling in the case of ITO vs Balwan Singh, pronounced by the ITAT Delhi, has brought significant attention to the amendments regarding the source of unsecured loans. Effective from April 1, 2023, these changes impact how unsecured loans are to be evaluated and authenticated.
Analysis: The core issue in the case revolved around unsecured loans amounting to Rs. 4,56,50,000/-, with the Revenue questioning the evidence provided by the assessee and the delet
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