Back
INCOME TAX APPELLATE TRIBUNAL (CHANDIGARH BENCH)
KRINWANT SAHAY, A.M
Revenue – Appellant
Versus
Assessee – Respondent
| Table of Content |
|---|
| 1. grounds of appeal by revenue. (Para 1 , 2) |
| 2. facts regarding assessment and cash deposits. (Para 3 , 4 , 5 , 6 , 8) |
| 3. assessee's response to show cause notice. (Para 10 , 12) |
| 4. arguments regarding validity of cash sales. (Para 13 , 15 , 16) |
| 5. court's analysis of cash sales and books of accounts. (Para 14 , 20) |
| 6. ratio regarding addition of unexplained cash. (Para 18 , 21) |
| 7. final conclusion and dismissal of appeal. (Para 24 , 25) |
आदेश Order
PER KRINWANT SAHAY, A.M:
This is an appeal filed by the Revenue against the order of the Ld. CIT(A)/NFAC, Delhi dt. 09/02/2023 pertaining to Assessment Year 2017-18.
2. In the present appeal Revenue has raised the following grounds of appeal:
1. "The Ld. CIT(A) has erred on facts and in law by allowing the appeal of assessee without appreciating the facts of the case.
2. The Ld. CIT(A) has erred on facts and circumstances of the case in deleting the addition of Rs. 1,54,37,576/- that was made on account of disallowance u/s 68 r.w.s.115BBE of the Act.
3. The Ld. CIT(A) has erred on facts and circumstances of the case in allowing the highly disproportionate amounts of cash deposited by assessee in demonetized old currency notes ignorin
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
