SHIPRA VISHAL BANDLISH,MUMBAI vs. INCOME TAX OFFICER, WARD 41(3)(4), MUMBAI, MUMBAI
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Income Tax Appellate Tribunal, MUMBAI BENCH “J(SMC
Before: SHRI OM PRAKASH KANT & SHRI ANIKESH BANERJEE
PER OM PRAKASH KANT, AM
This appeal by the assessee is directed against the order passed by the learned Commissioner of Income-Tax (Appeals) – National Faceless Appeal Centre, Delhi [in short, ‘the Ld. CIT(A)’], for the Assessment Year 2018-19, whereby the learned CIT(A) upheld (i) the action of the Assessing Officer in assessing the interest receipts under the head "Income from Other
Shipra Vishal Bandlish 2 Sources"instead of "Profits and Gains of Business or Profession", thereby denying the benefit of section 44AD of the Income-tax Act, 1961 ("the Act"), and (ii) the addition made under section 68 of the Act in respect of sundry cred
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