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Mere suspicion of transaction cannot conclude unsecured loan as unexplained

POONAM GANDHI 04 Feb 2022 3,051 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : ACIT Vs Harvansh P. Chawla (ITAT Delhi)

Appeal Number : ITA No. 5857/Del/2017

Date of Judgement/Order : 26/04/2021

Related Assessment Year : 2008-09

Courts : All ITAT ITAT Delhi

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ACIT Vs Harvansh P. Chawla (ITAT Delhi)

Facts- Based on the email from Mr. Michael Boettcher, AO alleged undisclosed income of $7,000,000 (i.e., INR 28,00,00,000. Unsecured loan was received by the Assessee from various parties and the addition was made by the AO treating the same as unexp

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Name: POONAM GANDHI

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