ITAT deletes Addition of Rs. 300 Lakh – section 68 – unexplained cash credit

Capital Infra Projects Pvt Ltd Vs DCIT (ITAT Delhi)

The quarrel is in respect of loan received from M/s Pabla Leasing and Finance Pvt. Ltd amounting to Rs. 3 crores in each A.Y treated by the Assessing Officer as unexplained cash credit and, accordingly, additions have been made under section 68 of the Act.

The Assessing Officer rubb

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