Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2007 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (6) TMI 310 - AT - Income TaxExtract: .......presumed that the amount is taken as loan then it has to be presumed that the same was available with the assessee for making repayment of the amount. Therefore, in view of these facts and circumstances and in view of the reasoning given by the CIT(A), we confirm his order in this regard. 7. In the result, the appeal of the Department is dismissed.
|