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2022 (4) TMI 1265 - AT - Income TaxRevision u/s 263 by CIT - interest income from the unsecured loans not declared by the assessee - HELD THAT:- Admitted facts are that the assessee has taken a loan from various creditors amounting to ₹ 61 lakhs as detailed in the order u/s. 263 - The assessee has submitted the written submissions and relied on the decisions of various Benches of the Hon'ble Tribunal and Hon'ble High Courts as detailed in written submissions. We have gone through the records and written submissions of the assessee. We find that there is no specific mentioning about the submissions made by the assessee in the order of the AO. In view of the above invoking the powers under section 263 of the Act by the Ld. Pr. CIT is valid in law and therefore, we hereby confirm the order of the Ld. Pr. CIT. - Decided against assessee.
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