SH. DEVINDER KUMAR,LUDHIANA vs. ITO, W-VII(1), LUDHIANA
In the result, the appeal of the assessee is, therefore,
ITA 1270/CHANDI/2017[2011-12]Status: DisposedITAT Chandigarh30 May 2018AY 2011-12
Bench: Shri Sanjay Garg & Ms. Annapurna Guptash.Devinder Kumar, Vs. The Income Tax Officer, 14, Surya Vihar, Ward-Vii (1), Rishi Nagar, Ludhiana. Ludhiana. New Address: C/O M/S Shree Aum Hospital Aashiana Complex, Bari Brahmana, Jammu. (Jammu & Kashmir). Pan: Aenpk0344L (Appellant) (Respondent)
For Appellant: NoneFor Respondent: Ms. Deepika Mohan, JCIT
Section 143(1)Section 143(3)Section 14ASection 36(1)(iii)
ii)
Addition on account of disallowance of interest by invoking provisions of section 36(1)(iii) of the Act on the ground that assessee has given interest free loans advances to related/unrelated parties/concerns which were considered by the Assess- ing Officer for Non-business purposes.
Rs.5,99,330/-
(iii)
Addition on account of unproved
Unsecured loans
Rs.3
