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
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 of the Assessing Officer
