DCIT., CIRCLE 3(1), HYDERABAD vs. RATHNAMMA INFRATECH PRIVATE LIMITED, HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON'BLE (Accountant Member)

194H of the Act, confirmations in respect of unsecured loans and the details of loans etc. The A.O., on the basis of information submitted by the assessee observed that, the assessee had taken unsecured loans from various parties, including, Shri 3 Rathnamma Infratech Private Limited K.V. Satish Kumar, Smt. K. Swapna, S.S.K. Prime Spaces Ltd., and K.S.V. Oil Seeds

MANNE HAREESH,HYDERABAD vs. INCOME TAX OFFICER, WARD-6(2), HYDERABAD

In the result, appeal of the assessee is allowed