This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Creditworthiness of Share Subscribers Proven: ITAT Deletes Addition
Case Law Details
- Case Name
- Wisley Real Estate Pvt. Ltd Vs Income Tax Officer (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Kolkata
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Wisley Real Estate Pvt. Ltd Vs Income Tax Officer (ITAT Kolkata)
The case pertains to an appeal filed by Wisley Real Estate Pvt. Ltd against the order passed by the Commissioner of Income Tax (Appeals) [CIT(A)], National Faceless Appeal Centre (NFAC), Delhi, on November 13, 2023, for the assessment year 2012-13. The main issues raised by the assessee were the confirmation of an addition of Rs. 1,76,87,500 as unexplained cash credit under Section 68 of the Income Tax Act, 1961, and the charging of interest under Section 234B of the same Act.
Case Facts
Wisley Real Estate Pvt. Ltd, a private lim...
