Sonica Sachdeva Through The Legal vs. ACIT, Circle 2(1)(1)
Parties Involved
Facts Summary
The appeal has been filed by the assessee against the order of the Ld. National Faceless Appeal Centre (NFAC), Delhi. The assessment was framed by ACIT, Circle 2(1)(1), Ghaziabad for the assessment year 2022-23 u/s. 143(3) of the Income Tax Act, 1961. The assessee raised issues regarding additions made by the AO on account of unsecured loans, recalculation of FMV of purchase cost of shares, and disallowance of brokerage expenses.…
Decision in favour of
Assessee
Legal Issues
- 1. Addition on account of unsecured loan as unexplained money.
- 2. Recalculation of FMV of purchase cost of shares.
- 3. Disallowance of brokerage expenses.
Judgment Outcome
Decided in favour of Assessee.
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