INCOMETAX OFFICER, WARD-1(1), HYDERABAD vs. M/S ALI FOREX PRIVATE LIMITED, HYDERABAD

ITA 921/HYD/2025Status: DisposedITAT Hyderabad29 July 2026AY 2017-1811 pages

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Income Tax Appellate Tribunal, Hyderabad ‘A‘ Bench, Hyderabad

Before: Shri Ravish SoodShri Madhusudan Sawdia

Hearing: 30/06/2026

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.

2.

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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