Delhi HC Directs AO to Provide Evidence in Fictitious Loan Case

Rakesh Kumar Mohindroo Vs ITO (Delhi High Court)

Introduction: The Delhi High Court recently addressed the case of Rakesh Kumar Mohindroo vs. Income Tax Officer (ITO) for Assessment Year (AY) 2019-20. The petitioner challenged various notices and an order issued under the Income Tax Act, 1961. The central allegation was the petitioner’s involvement in a fictitious loan of Rs. 40 lakhs facilitated by BKR Capital Pvt. Ltd. (BKR). This article provides an overview of the case, its detailed analysis, and t

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