ACIT, CENTRAL CIRCLE- 26, NEW DELHI vs. GD FOODS MANUFACTURING (INDIA) PVT. LTD., NEW DELHI
The appeal of the revenue is dismissed
ITA 1470/DEL/2018[2015-16]Status: DisposedITAT Delhi06 Sept 2018AY 2015-16
Bench: Shri Prashant Maharishi & Shri K. N. Chary
For Appellant: Shri Ajay Wadhwa, AdvFor Respondent: Shri Sanjit Singh, CIT DR
Section 132Section 153A
…Commissioner of Income-tax ITA No. 58 of 2001 (Bombay HC); i. Multitex Filtration Engineers (P.) Ltd v. Deputy Commissioner of Income Circle-5(1), New Delhi [2007] 13 SOT 208 (DELHI); Amarjit Singh Bakshi (HUF) v. Assistant Commissioner of Income- tax [2003] 85 ITD 13 (Delhi) ™ 8.2 I have considered the facts and circumstances of the case, submission of the appellant and perused the assessment order. I find that Sh. Vijay Mannan was one of the employees of the appellant company. He stated that the loan was received from the bank which was given to the company. On perusal of the facts, that G.D. Foods Manufacturi…