GURDEEP SINGH,AGRA vs. PR.CIT.-1,, AGRA
In the result, appeal of assessee is allowed
ITA 31/AGR/2021[2015-16]Status: DisposedITAT Agra25 Oct 2023AY 2015-16
Bench: Sh. Shamim Yahya & Shri Anubhav Sharmagurdeep Singh Vs. The Pr. Cit-1 33, Laxmi Nagar, Sikandra, Agra Agra, Uttar Pradesh-282007 Pan No. Aflps 7500 K (Appellant) (Respondent) Assessee By Shri Anil Verma, Adv. Revenue By Shri Surendra Pal, Cit(Dr) Date Of Hearing: 11.10.2023 Date Of Pronouncement: 25.10.2023
Section 143(3)Section 263Section 45Section 54F
Gain is dealt with by the Assessing Officer, which reproduced as under:
Office Note
“The case was selected for Limited Scrutiny under CASS on the reasons given as under:
i).
Large deduction u/s 54B, 54C, 54D, 54G and 54GA
ii). Mismatch in sales turnover reported in Audit Report and ITR Jii).
Substantial increase in capital in a year
