VIGEN HEALTHY TECH INDIA PRIVATE LIMITED,NEW DELHI vs. ACIT CIRCLE-26(2), NEW DELHI
In the result, the appeal of the assessee is allowed for statistical purpose
ITA 6669/DEL/2019[2016-17]Status: HeardITAT Delhi09 Feb 2024AY 2016-17
Bench: Dr. B. R. R. Kumarshri Anubhav Sharmaasstt. Year: 2016-17 Vigen Healthy Tech India P Ltd., Vs The Acit, Circle -26(2), Plot No. 16-17, Near Bramha New Delhi Apartment, Sector 7, Dwarka, New Delhi 110075 (Appellant) (Respondent) Pan No. Aadcv 0003 A Assessee By : Sh. Abhijeet, Adv. Revenue By : Sh.Amit Katoch, Sr. Dr Date Of Hearing: 07.02.2024 Date Of Pronouncement: 09.02.2024
For Appellant: Sh. Abhijeet, AdvFor Respondent: Sh.Amit Katoch, Sr. DR
Section 37
total sales revenue or the said amount of alleged unexplained cash of Rs. 4,42,358/- ought to have been set off under Section 71(1) of the Income Tax Act against the net business loss of the appellant, however, the respondent as also the assessing officer chose