PRINCIPAL COMMISSIONER OF INCOME TAX II vs. M/S TRANS ASIA CORPORATION LTD.
Appeal is allowed
ITA/58/2019HC Madhya Pradesh05 Dec 2019
Section 143(2)Section 147Section 148Section 260A
2) and 142(1) of the Act were issued and served
upon the assessee. On 30.03.2015, on reassessment, various additions
totalling to Rs.3,04,48,677/- were found, which included addition towards
notional interest of Rs.74,30,109/- being not charged by the assessee on loan
and advances given to various persons.
4.
Being aggrieved by the order
