DEPUTY COMMISSIONER OF INCOME TAX, AGRA vs. RAJENDRA KUMAR AGARWAL, JHANSI
The appeal stand partly allowed in terms of our above order
ITA 24/AGR/2023[2017-18]Status: DisposedITAT Agra28 Mar 2025AY 2017-18
Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकर अपील सं. / Ita No.24/Agr/2023 (िनधा"रण वष" / Assessment Year: 2017-18) Dcit - Central Circle Rajendra Kumar Aggarwal Room No. 104, Ist Floor 219, Daru Bhondela, Jhansi बनाम/ Vs. Aaykar Bhawan, Sanjay Place 284002. Agra-282002. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Abtpa-1493-M (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Anurag Sinha (Advocate) – Ld. Ar ""थ"कीओरसे/Respondent By : Shri Sukesh Kumar Jain – Ld. Cit-Dr सुनवाईकीतारीख/Date Of Hearing : 10-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 28-03-2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Revenue For Assessment Year (Ay) 2017-18 Arises Out Of An Order Of Learned Commissioner Of Income Tax (Appeals), Kanpur [Cit(A)] Dated 14-11-2022 In The Matter Of An Assessment Framed By Ld. Dcit, Central Circle (Ao) U/S 143(3) R.W.S. 147 Of The Act On 31-03-2022. The Sole Grievance Of The Revenue Is Deletion Of Addition Of Rs.810 Lacs As Made By Ld. Ao In The Assessment Order.
For Appellant: Shri Anurag Sinha (Advocate) – Ld. ARFor Respondent: Shri Sukesh Kumar Jain – Ld. CIT-DR
Section 143(3)Section 44ASection 68
demonetization on 08-11-2016 to create source of cash deposits. To support the same, Ld. AO tabulated month wise sales data on Page Nos.12 & 13 of the assessment order. Though the assessee submitted stock details, purchase and sales summary etc.
as required, Ld. AO rejected the explanation of the assessee and
continued to allege that the assessee made bogus
