Case Law Details
Case Name : Comet Granito Pvt. Ltd. Vs DCIT (ITAT Rajkot)
Related Assessment Year : 2013-14
Courts :
All ITAT ITAT Rajkot
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Comet Granito Pvt. Ltd. Vs DCIT (ITAT Rajkot)
ITAT Rajkot remanded the matter as lower authority has not exercised their power to enquiry in section 131 and 133(6) of the Act to verify the genuineness of the transaction and creditworthiness of the party in case of addition towards unsecured loan u/s. 68.
Facts- The appellant is a closely held private limited company engaged in the business of ceramic vitrified tiles and parking tiles. During the year, the assessee has unsecured loan of Rs.1,82,10,891/- has been taken from ten parties. As per
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.