NEZONE TUBES LIMITED,KOLKATA vs. DCIT, CIRCLE 1(1), KOLKATA
In the result, the appeal filed by the assessee is allowed
ITA 180/KOL/2025[2015-16]Status: DisposedITAT Kolkata13 Jan 2026AY 2015-16
Bench: Shri George Mathan & Shri Rakesh Mishra
Section 144Section 144BSection 147Section 148ASection 149(1)Section 250Section 251(1)(a)Section 68
Property & Investment Private Limited is in the nature of loan which was taken for business on various dates and the same have been made through proper banking channels. Further, it is also stated by the appellant that the said loan was taken for very short duration and hence the same was also repaid in the next financial year