income tax - Synopsis
Team SoOLEGAL 23 Dec 2019

 The matter is typical of how business is conducted in 

this country and why loans obtained from banks remain unpaid. 

The question of law framed on behalf of the appellant-assessee is as 

 

follows: 

 

“Whether any addition to income can be made on the basis of balance-sheet and profit and loss accounts certified to have been prepared on estimate basis to avail bank loan and having no relation with the actual?” Implicit in the question is that it is not the Income Tax Appellate 

Tribunal’s business if the assessee has committed fraud on the bank and has 

obtained credit facilities by misrepresenting its financial position. 

×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.
×

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail info@soolegal.com