HOSHIARPUR TRADERS ,HOSHIARPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR
In the result, the appeal of the assessee bearing ITA No
ITA 117/ASR/2022[2017-18]Status: DisposedITAT Amritsar11 Nov 2022AY 2017-18
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
Section 143(3)Section 263Section 263(1)
III). The squared-up loans were as under:
Name of the Amt. taken during
Amt.
returned
Closing balance creditor the year during the year
Naresh Aggarwal
80,00,000
15,00,000
65,00,000
Gautam
75,00,000
75,00,000
nil
Construction Co
Prem Arora
40,00,000
40,00,000
nil
(IV) Vide questionnaire dated