NELLIKKOTE KUNHIPARI MOHAMMEDALI,KOZHIKODE vs. ACIT CIRCLE-1(1), KOZHIKODE
In the result, appeal filed by the assessee stands allowed
ITA 880/COCH/2024[2004-05]Status: DisposedITAT Cochin15 Jul 2025AY 2004-05
Bench: Shri Inturi Rama Rao, Am & Sonjoy Sarma, Jm
For Appellant: Shri Surendranath Rao, CAFor Respondent: Sri Suresh Sivanandan, CIT-DR
Section 143(3)Section 148Section 2(22)(e)Section 263
147
of the Income Tax Act, 1961 (in short “the Act”) at a total income of Rs.
6,52,19,870/-. While doing so, the AO made an addition of Rs. 5,60,57,835/-
U/s. 2(22)(e) of the Act by treating the loans received from M/s. Parrisons
Roller Flour Mills Pvt Ltd (Rs.5
