M/S U TOLL CORPORATION LTD.,,VARANASI vs. ACIT, CIRCLE - 02, VARANASI
In the result, the appeal of the assessee is dismissed
ITA 107/VNS/2018[2013-2014]Status: DisposedITAT Varanasi07 Jun 2022AY 2013-2014
Bench: Hon’Ble Sh.Vijay Pal Rao & Hon’Ble Sh. Ramit Kocharassessment Year: 2013-14 M/S U Toll Corporation Ltd., V. The Asstt. Commissioner Of Samne Ghat, Lanka, Varanasi, U.P. Income Tax, Circle-2, Pan-Aaacu6429Q Varanasi, U.P. (Assessee) (Respondent) Assessee By: None Respondent By: Sh. A.K. Singh, Sr. D.R. Date Of Hearing: 25.05.2022 Date Of Pronouncement: 07.06.2022
For Appellant: NoneFor Respondent: Sh. A.K. Singh, Sr. D.R
Section 44ASection 68
section 68 of the Act to prove the identity of the loan creditor, creditworthiness of the loan creditor and the genuineness of the transaction. Accordingly, the Assessing Officer made this addition. He has further pointed out that the Assessing Officer made total addition of Rs. 1 Crore which includes a second loan of Rs. 30 Lac from Kumar Nagendra
