SATISH PRAKASH AGARWAL,AGRA vs. THE ACIT, CIRCLE 1(2)(1), AGRA, AGRA
In the result, appeal of the assessee is allowed
ITA 113/AGR/2021[2016-17]Status: DisposedITAT Agra07 Feb 2025AY 2016-17
Bench: : Shri Ramit Kocharassessment Year: 2016-17
Section 143(2)Section 143(3)Section 36(1)(iii)
gain from business or profession” is a loss to
the tune of Rs.10,06,265/-. Proceeding further, it is observed that the
Assessing Officer made enquiries with respect to the interest paid on 11 | P a g e various loans raised by the assessee. The Assessing Officer made
enquiries and delved into finding out creditworthiness of the lenders and
genuineness
