39 results for “disallowance”+ Section 87clear
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Bench: Shri Manomohan Das & Shri Rakesh Mishra
87,13,709/- was shown. Statutory notices under the Act were issued by the Ld. AO and after considering the reply, a sum of Rs. 4,30,00,000/- was added u/s 68 of the Act being loans from Akruti Securities Pvt. Ltd. and Arbitrage Securities Pvt. Ltd. The interest incurred on such bogus and unsecured loans was also disallowed