2022 (9) TMI 1507 - SCH - Income Tax

Addition u/s 68 - unexplained unsecured loans - HC confirmed ITAT order deleting the addition made u/s 68 on account of unexplained unsecured loans obtained by the assessee observing that the alleged lenders were not shell companies - HELD THAT - Delay condoned. Issue notice returnable on 11.10.2022. Dasti service in addition is permitted.

Summary

The Supreme Court of India in 2022 (9) TMI 1507 - SC Order, with Hon'ble The Chief Justice, Hon'ble Mr. Justice S. Ravindra Bhat, and Hon'ble Mr. Justice Pamidighantam Sri Narasimha presiding, condoned delay, issued notice returnable on 11.10.2022, and permitted Dasti service. The Respondent did not appear. Petitioner represented by Mr. N. Venkataraman, ASG, Mr. H.R. Rao, Adv., Mr. Annirudh Sharma, Adv., Mr. Prashant Singh, Adv., Mr. Raj Bahadur Yadav, AOR.