Section 69 not applies to Loan & Advances recorded in the books

Manohar Dealcom Private Limited Vs ITO (ITAT Kolkata) The case of Manohar Dealcom Private Limited Vs. ITO, as adjudicated by the Income Tax Appellate Tribunal (ITAT) Kolkata, involves several key issues regarding the assessment made by the Assessing Officer (AO) and affirmed by the Commissioner of Income Tax (Appeals) [CIT(A)] for the Assessment Year 2014-15. The appeal is filed by the assessee against the order of the National Faceless Appeal Centre, Delhi. The grounds of appeal raised by the assessee include jurisdictional issues, addition made under Section 69 of the Income Tax Act, 1961, d...