ITO, NEW DELHI vs. M/S. ELATIVE BUILDING SOLUTIONS PVT. LTD., NEW DELHI
In the result, appeal of assessee is allowed
ITA 2498/DEL/2017[2012-13]Status: DisposedITAT Delhi24 Mar 2021AY 2012-13
For Appellant: Shri Sudesh Garg, AdvocateFor Respondent: Shri Jagdish Singh, Sr. DR
section 68 of the Act and submitted that it basically carries the heading: ‘Cash Credit.’ Therefore, if there is no cash transaction, then, the said provisions cannot be applicable. Referring to the decision of the Hon’ble
Calcutta High Court in the case of Jatia Investment Company vs. CIT, 206
