ACIT CIRCLE-1, DHANBAD vs. SRI VIKASH AGARWAL, DHANBAD

In the result, grounds of appeal raised by the revenue is allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy & Shri Ratnesh Nandan Sahay

house property. During the assessment proceedings, the Assessing Officer noticed from the ACIT Vs Sri Vikash Agarwal audit report filed by the assessee that the assessee has taken unsecured loans of ₹ 1.00 crore from M/s Amar Steels, ₹ 1,40,27,614/- from M/s Kamdhenu Enterprises and ₹ 36,10,000/- from M/s JDK Furnitech. Regarding the unsecured loan from M/s Amar