This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT Deletes ₹1.59 Crore Section 68 Addition Despite Non-Appearance of Creditors
Case Law Details
- Case Name
- Anirudh Khemka Vs ITO (ITAT Kolkata)
- 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 Kolkata
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Anirudh Khemka Vs ITO (ITAT Kolkata)
Unsecured Loans Fully Supported by Evidence—Non-Appearance of Creditors Not Fatal; Double Addition of Interest Noticed—Section 68 Addition of ₹1.59 Cr Deleted
Assessee appealed against the NFAC order dated 27.11.2024 confirming addition of ₹1,59,90,557 u/s 68 on account of unsecured loans received from 14 creditors & interest thereon. Assessee had filed return declaring income of ₹11,64,510.
During scrutiny, the AO called for complete details—audited accounts, bank statements, confirmations, loan ledgers, & issued 133(6)...
Author Info
