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2 results for “section 68”+ Section 112clear

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Key Topics

Section 2(22)(e)5Addition to Income2

ACIT, CIRCLE-1(1), DHANBAD vs. M/S HIMANGSU MAHTO, DHANBAD

In the result, the appeal filed by the Revenue in ITA No

ITA 2/RAN/2019[2015-16]Status: DisposedITAT Ranchi21 Aug 2023AY 2015-16

Bench: Sri Rajesh Kumar & Sonjoy Sarma

Section 68

Section 68 of the Act. Consequently, Ld. CIT(A) also allowed the interest on this loan of Rs. 41,233/- which was also disallowed by Ld. AO. Having considered all these facts and circumstances, we are of the opinion that Ld. CIT(A) has taken a reasoned view after discussing all the facts in detail. Therefore, we are inclined

SRI AJAY KUMAR KHATORE,RANCHI vs. DCIT CIRCLE-1, RANCHI

In the result, appeal of the assessee is allowed for statistical

ITA 46/RAN/2017[2012-13]Status: DisposedITAT Ranchi30 May 2018AY 2012-13

Bench: Shri N.S.Saini & Shri Pavan Kumar Gadalea.Y. : 2012-2013 Sri Ajay Kumar Khatore, Vs Dcit, Circle-1, Ranchi North Market Road, Upper Bazaar, Ranchi-834001 Pan No. : Aaacb 7488 C Respondent (Appellant) .

For Appellant: Shri S.K.Poddar & Devesh Poddar, AdvFor Respondent: Shri P.K.Mondal, JCIT
Section 143(1)Section 143(2)Section 143(3)Section 2(22)(e)Section 234A

112/- as on 01.04.2011 with the appellant and the total reserve of the company was less than the amount of advance given. The fresh loan of Rs.25,000/- and Rs.3,68,000/- by account payee cheque was for the purposes of business. M/s Khatore Earthmovers Pvt. Ltd. had earned profit of Rs.15,376/- for financial year 2011-12, as such