This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Tribunal Upholds CIT(A) Deletion of Bogus Loan & Share Capital Additions
Case Law Details
- Case Name
- ACIT Vs Sanatan Merchants Pvt. Ltd. (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Kolkata
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
ACIT Vs Sanatan Merchants Pvt. Ltd. (ITAT Kolkata)
ITAT Kolkata Upholds Deletion of Loan & Share Capital Additions: Genuine NBFC Loans & Prior-Year Share Application Money Accepted
In this revenue appeal, ACIT challenged the deletion of additions made by AO in the case of Sanatan Merchants Pvt. Ltd for AY 2015-16. Assessee had declared income of Rs.31,41,530 & AO completed assessment u/s 143(3) by making additions of Rs.1,77,00,000 treating unsecured loans from three companies as bogus, together with an addition of Rs.50,00,000 towards alleged bogus share application money. Tribuna...
Author Info
