Case Law Details
Case Name : Somnath Cold Storage Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Ahmedabad
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Somnath Cold Storage Vs ITO (ITAT Ahmedabad)
Section 68 Additions on Partner Capital and Loans Deleted; Identity, Creditworthiness and Genuineness Established – ITAT Ahmedabad
The Ahmedabad Bench of the ITAT allowed the appeal of the partnership firm and deleted additions of ₹2.52 crore towards partners’ capital and ₹31.30 lakh towards unsecured loans made under sections 68 and 69 for AY 2017-18.
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