MR. SHRIPAD A. SHELAR ,MUMBAI vs. DY CIT - CIR_34(3), MUMBAI
In the result, assessee appeal is partly allowed for statistical purpose
ITA 2023/MUM/2020[203-14]Status: DisposedITAT Mumbai12 Jan 2022
Bench: Shri Shamim Yahya
Section 142(1)Section 143(1)Section 54Section 56(2)(vii)
addition is patently illegal and invalid Your honour may be pleased to delete the addition.
ii) In fact, section 56(2)(vu)(b)(ii) for the first time provided for such a presumption for addition which was introduced by the Finance
