DCIT, NEW DELHI vs. M/S. AMBREEN PROJECTS & INFRASTRCTURE (P) LTD., NEW DELHI
In the result, the appeal of the Revenue is allowed
ITA 4037/DEL/2013[2009-10]Status: DisposedITAT Delhi24 Nov 2021AY 2009-10
Bench: Shri O.P. Kant & Shri Kuldip Singh[Through Video Conferencing] Assessment Year: 2009-10
Section 132Section 132(4)Section 139(1)Section 143(3)Section 153CSection 69B
books of accounts of M/s. HBN Dairy and Allied Ltd., the assessee is camouflaging the real character of the transaction just to avoid penalty for cash loan to the assessee.
Though the ultimate source of Rs.13.80 crores is coming from the bank account of M/s HBN but payment is towards
