ITAT Upholds Deletion of Addition made on Account of Unsecured Loan due to Failure to Produce Genuine Documents [Read Order]

Uphold- Delete -Addition- Assessing officer -Unsecured -Loan- Non submission- genuine Documents -ITAT- income tax-taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) for deleting the addition made by the assessing officer on account of an unsecured loan due to failure to produce genuine documents.  Bansal Separators and Spares Pvt. Ltd, the respondent-assessee was a private company engaged…

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