INCOMETAX OFFICER, WARD-1(1), HYDERABAD vs. M/S ALI FOREX PRIVATE LIMITED, HYDERABAD
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Income Tax Appellate Tribunal, Hyderabad ‘A‘ Bench, Hyderabad
Before: Shri Ravish SoodShri Madhusudan Sawdia
Per Madhusudan Sawdia, A.M.:
This appeal is filed by the Revenue feeling aggrieved by the order passed by the Learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) (“Ld. CIT(A)”) dated 06.03.2025 for the A.Y. 2017-18. 2. The Revenue has raised the following grounds of appeal:
“1. The Ld. CIT erred on facts as well as law.
The Ld. CIT(A) erred in giving a finding that the amounts received in Bank account out of which cash withdrawals were made, are from agents, and they were distributed to designated beneficiaries without it
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