Held that the Commissioner (Appeals) had given finding of fact that the unsecured loans were not taken during the financial year but in earlier financial years and disclosed in the relevant balance-sheet as such. Order of CIT(A) is affirmed. (AY.2014-15)
Dy. CIT v. Laxmipathi Balaji Sugar and Distilleries P. Ltd. (2022) 100 ITR 58 (SN) (Delhi) (Trib)
S. 68 : Cash credits-Loans not taken during the year-Not taxable as cash credit.