This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Assessee Proves Loan Repayment & Discharges Section 68 Onus – ITAT deletes addition
Case Law Details
- Case Name
- Wow Entertainment and Media Private Limited Vs ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Wow Entertainment and Media Private Limited Vs ACIT (ITAT Mumbai)
The Income Tax Appellate Tribunal (ITAT) Mumbai heard an appeal by Wow Entertainment and Media Private Limited concerning an addition of ₹1.44 crore made by the Assessing Officer (AO) under Section 68 of the Income Tax Act, 1961. This addition was related to a loan received by the assessee from Dyaneshwari Multi-State Urban Co-operative Credit Society Ltd. (DMSUCCSL) for the assessment year 2017-18. The AO had concluded that the loan was not genuine, primarily based on the statement of the manager of DMSUCCSL ...
Author Info
