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2021 (4) TMI 478 - ITAT MUMBAIDisallowance on account of bogus loan - addition u/s 68 on unexplained cash credit - findings of the DGIT(Inv.) during the search that the assessee had deliberately made accommodation entry in the Profit & Loss account and balance sheet - CIT- A deleted the addition - HELD THAT:- CIT(Appeals) has decided the matter of controversy on the basis of the decision of Hon’ble Supreme Court in the case of Lovely Exports Pvt. Ltd. [2008 (1) TMI 575 - SC ORDER], Anant Shelters Pvt. Ltd. [2012 (4) TMI 272 - ITAT MUMBAI]and various decision of the Hon’ble Courts mentioned above. Moreover, no law contrary to the law relied by the CIT(A) has been produced before us. The facts are not distinguishable at this stage. CIT(A) has considered the each and every aspects of the facts of the case.Taking into account, all the facts and circumstances, we are of the view that the finding of the CIT(A) has decided the matter of controversy judiciously and correctly which is not liable to be interfere with at this appellate stage. - Decided in favour of assessee.
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