Shrish Enterprises Private Limited vs. National e-Assessment Centre
Parties Involved
Facts Summary
The assessee, Shrish Enterprises Private Limited, received four loan credits totaling Rs.2.33 Cr from various lenders, which were treated as unexplained cash credits under Section 68 of the Income-tax Act, 1961 by the Assessing Officer. The Learned Commissioner of Income-tax (Appeals)/National Faceless Appeal Centre (NFAC), Delhi partly allowed the appeal and deleted the addition of Rs.2.23 Cr pertaining to three loan credits but sustained the addition of Rs.10,00,000 relating to Ms. Pinki Goel. The assessee filed the present appeal before ITAT challenging the addition of Rs.10,00,000.…
Decision in favour of
Assessee
Legal Issues
- 1. Addition of Rs.10,00,000 relating to Ms. Pinki Goel under Section 68 of the Income-tax Act, 1961.
Judgment Outcome
Decided in favour of Assessee.
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