2023-TIOL-1216-ITAT-DEL
Vachitra Builders Pvt Ltd Vs ITO
Whether assessee has proved genuineness of loan transaction and identity of parties by way of PAN, confirmation, Ledger and therefore no addition for unexplained credits u/s 68 can be made - YES : ITAT
- Assessee's appeal allowed: DELHI ITAT
2023-TIOL-1215-ITAT-DEL
Manhar Yarns Pvt Ltd Vs ITO
Whether addition u/s 68 can not stand when burden of proving genuineness of transactions and creditworthiness of parties to invest in share capital of Assessee Companies stood discharged - YES : ITAT
- Assesses's appeal partly allowed: DELHI ITAT
2023-TIOL-1214-ITAT-MUM
ITO Vs BKC Abode Pvt Ltd
Whether CIT(A) was justified in deleting the additions made by AO when assesse has adaquetely evidenced the bank account and the data wise flow of fluds to the concerned investors - YES: ITAT
- Revenue's appeal dismissed: MUMBAI ITAT
2023-TIOL-1213-ITAT-MAD
Idumban Knitters Vs ACIT
Whether disallowance contemplated u/s. 40(a)(ia) of the Act is only 30% of expenses debited to profit and loss account without deduction of tax at source - YES: ITAT
- Assessee's appeal allowed: CHENNAI ITAT
