AMBANI BUILDERS PRIVATE LTD.,VADODARA vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1), VADODARA
In the result, the appeal filed by the Assessee is hereby dismissed
ITA 304/AHD/2024[2017-18]Status: DisposedITAT Ahmedabad05 Sept 2024AY 2017-18
Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)
Section 143(3)Section 37(1)Section 68Section 69A
section 68 A. Credit worthiness of the person B. identity of the person and C. bonafide ness of the transaction is established.
B
REGARDING
SECOND
ADDITION
ON ACCOUNT
OF DISALLOWANCE OF INTEREST AMOUNTING TO Rs.64,68,238/-
Your honour sir, the advances was given to the different persons with out interest as rightly observed by the Id. Assessing officer
