Held that the assessee was not found to have incurred any unexplained expenditure. Revision is held to be not valid. Loan transactions revision is held to be valid.(AY.2017-18)
G. T. Homes v. PCIT (2023)102 ITR 11 (SN)(Raipur) (Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Record-Unexplained expenditure-Repayment of unsecured loans-Shell Companies-Revision is not justified-Loans from shell companies-Revision is justified.[S.68, 69C]