ADDL. CIT, SPECIAL RANGE- 7, NEW DELHI vs. PRAYAG POLYTECH PVT. LTD., NEW DELHI
In the result, the appeal of the assessee is allowed
ITA 5970/DEL/2017[2014-15]Status: DisposedITAT Delhi18 Jun 2019AY 2014-15
Bench: Shri H.S. Sidhu & Shri B.R.R. Kumarassessment Year: 2014-15
For Appellant: Sh. Ved Jain, Adv. & Sh. Ashish Goel, AdvFor Respondent: Sh. Surender Pal, Sr. DR
Section 127(1)Section 133(6)Section 142(1)Section 143(2)Section 68
section 68
is the same as in the case of share capital. The Ld. DR submitted that
though there is no adverse statement in respect of the loan taken by the assessee from the various lenders but the onus is upon assessee which he has failed to discharge. The Ld. DR place reliance on the order of the Supreme
