Availment of Fictitious Loan of Rs 40 lakhs: Delhi HC directs AO to furnish Relevant Material to Support Allegation [Read Order]

Availment - Delhi HC - Delhi HC directs AO to furnish Relevant Material to Support Allegation - taxscan

The Delhi High Court directed the Assessing Officer (AO) to furnish relevant material to support allegation in the matter of the availment of fictitious loan of Rs 40 lakhs. The principal allegation which is levelled against the petitioner, Rakesh Kumar Mohindroo, is that he is a beneficiary of an accommodation entry provided by one Mr…

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