PRINCIPAL COMMISSIONER OF INCOME TAX 9 KOLKATA vs. M/S SREELEATHERS
Accordingly, the appeal fails and is dismissed
ITAT/18/2022HC Calcutta14 Jul 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE BIVAS PATTANAYAK
Section 133(6)Section 142(2)Section 143Section 143(3)Section 260ASection 68
cash credit or unexplained expenditure is not tenable. Further, it was
submitted that the unsecured loans added had been squared off during
the year itself and was non-existent in the year-end which does not call
for any addition. The unsecured loan during the year is on the basis of
pure assumption and surmises and the interest was paid
