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Case Law Details

Case Name : U Toll Corporation Ltd Vs ACIT (ITAT Varansi)
Related Assessment Year : 2013-14
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U Toll Corporation Ltd Vs ACIT (ITAT Varansi)

Introduction: The case of U Toll Corporation Ltd vs ACIT (Income Tax Appellate Tribunal, Varanasi) revolves around the assessment year 2013-14 and concerns the addition of unsecured loans by the Assessing Officer. The appellant challenges the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] regarding the addition of Rs. 40,00,000 and Rs. 30,00,000 in the names of Kumar Nagendra and Munna Kumar, respectively.

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