Appeal Against sec 144 Assessment

Dear Ravi,

Since u have mentioned that AO has made assessment u/s 144 on account of non cooperation this means that the genuinty of the transaction was not proved to AO.

U have to prove that the transaction of loan was genuine..

Ways to prove -

1) Borad Resolution

2) Minutes of the Board meeting.

3) Loan was carrying interest.

4) Agreement if any

Dear Amir

Thanks,

is there any case law on this matter.

Dear Ravi,

Since the present case involves the question of fact i:e whether the transaction was genuine or not, hence it has to be decided on the basis of facts on each case & any case law will not serve ur purpose.

Reference to case law is made when question of law is involved.