Rajhans Construction (P)Ltd. v. ACIT (2022) 216 TTJ 59 (UO) / 140 taxmann.com 370 (Surat)((Trib)

S. 68 : Cash credits-Unsecured loan-Repaid within short time-TDS deducted-Addition was deleted.

Held that when unsecured loan had been repaid within a short span of time for which assessee had paid interest and deducted tax thereon, Assessing Officer was not justified in making addition. (AY.  2007-08)