Case Law Details
Case Name : Pebble Street Hospitality Pvt. Ltd. Vs ITO (ITAT Mumbai)
Related Assessment Year : 2023-24
Courts :
All ITAT ITAT Mumbai
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Pebble Street Hospitality Pvt. Ltd. Vs ITO (ITAT Mumbai)
Fixed Asset Addition Cannot Be Taxed as Unexplained Investment Because Source Was Never Questioned; Section 69 Addition Quashed Because Conditions for Invoking Deeming Provision Were Not Met; ITAT Remands Loan Addition Because Additional Evidence on Creditworthiness Required Verification; Unsecured Loan Dispute Sent Back Because Lenders’ Tax Returns and Bank Records Were Produced.
The assessee appealed against the order of the Commissioner of Income Tax (Appeals), NFAC, Delhi, challenging two additions sustained by th...
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