Case Law Details
Case Name : CIT Vs M/s Muthoot Financiers (Delhi High Court)
Appeal Number : ITA 336/2002
Date of Judgement/Order : 03/02/2015
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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Loan between firm and partners is out of ambit of Section 269SS
Facts of the Case- During the course of the assessment proceedings, it was found that the firm had accepted payments from the partners, during the relevant year corresponding to the Assessment Years, in cash. The details of the total amounts paid to the individual firm by the partners in all the aforesaid four appeals are as under:
