PENDURTHI CHANDRASEKHAR vs. THE DEPUTY COMMISSIONER OF INCOME TAX,
The appeal is allowed and all the four substantial
ITTA/706/2016HC Telangana26 Apr 2018
For Appellant: Mr. K. Vasantha KumarFor Respondent: Mrs. M. Kiranmayee
Section 132Section 145Section 153Section 260Section 56Section 68
Section 43D) shall prevail over the provisions of ICDS.”
41. In his order, the AO has proceeded on the assumption that since
interest has accrued in the account books of M/s. Dakshin Shelters Private
VRS, J & JUD, J
I.T.T.A.No.706 of 2016
8
Limited, there is no prohibition on the assessee to withdraw the amounts
from the unsecured loan amount
