PRINCIPAL COMMISSIONER OF INCOME TAX-1,BHUBANESWAR vs. SEKHAR KUMAR MOHAPATRA
ITA/9/2024HC Orissa15 Apr 2024
Bench: DR. JUSTICE B.R.SARANGI,MR. JUSTICE GOURISHANKAR SATAPATHY
For Appellant: Mr. Ajit Kumar, Sr. AdvocateFor Respondent: Mr. Prashant Vidyarthy, Sr. Panel Counsel
Section 164Section 42
20,00,000/-
(ii) Loan taken from M/s Hindustan Credit Corporation -Rs.
5,95,000/-
The above loan amount was taken for the purpose of
purchase of flat as the payment against purchase had already
been completed in the year 2007. This fact is further
established by the fact that Rs. 4 lacs received from the
account of Hindustan Credit