Case Law Details
Case Name : DCIT Vs Rupen Das (ITAT Kolkata)
Appeal Number : I. T. A. No. 1260/Kol/2010
Date of Judgement/Order : 12/11/2010
Related Assessment Year :
Courts :
All ITAT ITAT Kolkata
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For loan taken in violation of section 269SS penalty can not be imposed if same was taken to meet business needs
DCIT Vs Rupen Das (ITAT Kolkata)– The assessee was engaged in providing security guards to various Government and non-Government organisations a
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Sir,
Can A.O.takes action against the persons who are giving loan in excess of rs. 20000.
Can A.O. makes additions to their income as in case of cash loan given on hundi.