This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Identity Proved, Genuineness Unclear: ITAT Remands ₹50 Lakh Loan Case to AO
Case Law Details
- Case Name
- Amol Ceramica Private Limited Vs ITO (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.
Amol Ceramica Private Limited Vs ITO (ITAT Mumbai)
Assessee appealed against the NFAC (CIT(A)) order dated 05.02.2025 confirming an addition of ₹50,00,000 u/s 68 as unexplained cash credit, arising from a purported loan received from M/s Aneri Fincap Ltd., a company later identified by the Department as a paper entity providing accommodation entries.
AO had reopened the assessment on the basis of information received from the Investigation Wing, Mumbai, following a search on One World Group, where statements of Shri Rajesh G. Mehta revealed that several shell companies-including Aneri Fincap...
Author Info
