ACIT -14 (2) , MUMBAI vs. REDWOOD I.T. SERVICES P.LTD, MUMBAI
In the result, the appeal filed by the revenue is dismissed
ITA 1643/MUM/2021[2013-14]Status: DisposedITAT Mumbai20 Sept 2023AY 2013-14
Bench: Shri B.R. Baskaran (Am) & Shri Narender Kumar Choudhry (Jm)
Section 269SSection 269TSection 271DSection 271ESection 273B
transfer the loan from the account of Shri Chandan Asrani to Smt Daya
Asrani, i.e., the account of Shri Chandan Asrani was debited and the account of Smt Daya Asrani was credited. The effect of passing the above said journal entry is that the loan standing in the name of Shri Chandan Asrani stood repaid and a fresh loan
