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I.T.AS. NOS. 5093/LB TO 5095/LB OF 2002, DECIDED ON 5TH JUNE, 2003. versus I.T.AS. NOS. 5093/LB TO 5095/LB OF 2002, DECIDED ON 5TH JUNE, 2003.

Transaction in the name of the Director Assessment between the Directors Commissioner's inspector, section 66A and 30, the interest income company and the bank for reviewing the order of the Deputy Commissioner, was canceled on the basis that the assets Interest revenue received by the source was also not announced in return. Nor did the appraising officer review the fact at the time of completing the assessments and suppressing interest income that there was a process of concealing income / filing of false income details, which was responsible for taxation in the hands of the Assisi. Was. The loan was in the name of the director but after its approval, all the transactions were done directly through the principal company and the bank account never came to the deduction of the subsidiary and all transactions were done through bank account and limited company. The interest accrued by the Assisi was paid directly to the bank even if it was done by the Essex, the bank was paid something which obviously had the effect, apart from the fact that it was wrong. Also, it is wrong to say that this income will not be biased in interest because its income from interest was equal to its expenses. Bank Validity Company was loaned in the name of a director through a contract with the purpose of setting up their own accounts and conducting business-related matters easily if the status of an individual as an Assistant Had to be legally retained. The Bank and the Limited Company will not reduce its entitlement to the interest allowance granted to the Bank if the Assisi does not reduce its debt received by the Bank to further lend to the Company. immigration advocates phone number from Thari Mirwah lawyer