Interest free loan to non-related company without registered MOU creates reasonable doubt

Apostle Trading Consultants Private Limited Vs DCIT (ITAT Delhi) ITAT Delhi held that huge amount as interest free advances given to company which is neither relative/ partner nor connected with Assessee based on MOU which is neither on stamp paper nor stamped or registered creates a reasonable doubt. Matter remanded for further inquiry. Facts- On perusing the financials of the Assessee, AO observed that the Assessee has claimed large business losses set-off against other heads of income. The Assessee has borrowed long term and short-term capital loans of ₹. 15,14,96,918/- ₹. 5,02,14,477/-...