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Section 68 Addition Fails for Ignoring Daughter’s Loan Evidence: ITAT Delhi Orders Fresh Examination

Case Law Details

Case Name : Balkar Singh Vs ITO (ITAT Delhi)
Related Assessment Year : 2017-18
Courts : All ITAT ITAT Delhi
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Balkar Singh Vs ITO (ITAT Delhi)

68 Can’t Be Sustained by Ignoring Filed Evidence: Daughter’s Loan Needs Proper Examination – ITAT Delhi Orders Fresh Look

Assessee, proprietor of M/s Baba Hanuman Mineral, challenged addition of ₹1.12 crore u/s 68 in respect of unsecured loan received from his daughter, Divyangana Singh. AO treated the loan as unex

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Author Bio

Name: CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka, India
Member Since: 17 Feb 2018 | Total Posts: 4088
CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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