Genuineness of Business Transaction Affirmed: ITAT Deletes Rs. 4.90 Lakh Addition for Director’s Loan [Read Order]

The tribunal has deleted an addition of Rs. 4.90 lakh and affirmed the genuineness of a business transaction involving a director’s loan
By Franklin Joshva - On May 29, 2025 4:59 pm - 2 mins read
ITAT ruling - Income Tax Act - Section 68 - taxscan

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside an addition of Rs. 4.90 lakh made under Section 68 of the Income Tax Act, 1961, and affirmed the genuineness of a business transaction involving a loan from the company’s director. Rani Sati Surajgarhia Infrastructure Ltd. (assessee) filed return of income declaring…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader