SHRI PRABHAT SOJATIA,INDORE vs. THE ACIT 2(1), INDORE
In the result, the appeal of the assessee is partly allowed
ITA 310/IND/2015[2010-11]Status: DisposedITAT Indore23 Oct 2018AY 2010-11
Bench: Shri Kul Bharat & Shri Manish Borad
Section 143(2)Section 234BSection 271(1)(c)Section 50CSection 54BSection 68
section
50C of the Act of Rs.35,46,018/-. The A.O. made addition
of Rs.3,70,000/- in respect of the loans taken from his
children. Further, the A.O. made disallowance of interest
paid on term loan of Rs.9,38,756/-, disallowance of
agricultural income of Rs.2 lakhs, cash deposited in the
bank of Rs.7 lakhs, purchase of shares
