This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Ex-parte Section 68 Additions of ₹3.07 Cr Set Aside: ITAT Permits Additional Evidence
Case Law Details
- Case Name
- Matrix Automotive Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Matrix Automotive Vs ITO (ITAT Mumbai)
Accountant & AR Exit – Reasonable Cause Accepted; Ex-parte Additions for Unsecured Loan & Partner’s Capital Set Aside- Rule 46A Relief: ITAT Restores Case as Evidence Rejected by NFAC Without Sufficient Cause
Assessee, a partnership firm engaged in Yamaha two-wheeler dealership, filed its return declaring a loss of ₹51.45 lakh. The case was selected for limited scrutiny to verify (i) large increase in unsecured loans & (ii) loans from non-filers.
During assessment, AO sought details of ₹3 crore unsecured loans (from Shri Rushi C. Ma...
Author Info
