Case Law Details
Case Name : Karunakaran Leela Vs ITO (ITAT Chennai)
Appeal Number : ITA No.1944/Chny/2024
Date of Judgement/Order : 03/12/2024
Related Assessment Year : 2018-19
Courts :
All ITAT ITAT Chennai
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Karunakaran Leela Vs ITO (ITAT Chennai)
In the case of Karunakaran Leela vs. ITO, the ITAT Chennai reviewed the addition of ₹36.50 lakh made under Section 68 of the Income Tax Act for unexplained cash credits linked to unsecured loans. The assessee had obtained loans totaling ₹120 lakh from 17 creditors during AY 2018-19. U
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