None
RU
Section 68 Addition Deleted for Loan Funded from Bank Borrowing: ITAT Rajkot
['Author Info', 'Name', 'Qualification', 'Company', 'Location', 'Articles Published', 'View Full Profile', 'More Ca Sandeep Kanoi', 'August']
taxguruin
AdvertisementMachhabhai Raghavbhai Thunga Bharwadpa Vs ITO (ITAT Rajkot) The Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) heard the assessee’s appeal against the order of the Commissioner of Income Tax (Appeals) dated 24.03.2026 for Assessment Year 2017-18, arising from an assessment made under Section 143(3) of the Income-tax Act, 1961.
The assessee had filed a return declaring total income of Rs.3,01,570.
The return was processed under Section 143(1) and the case was subsequently selected for scrutiny under the Computer Assisted Scrutiny Selection (CASS) on the issue of cash deposits du...