M/S SHIV BALAJI COLD STORAGE PVT. LTD.,ETAWAH vs. ITO.-2(2)(5),, ETAWAH
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 141/AGR/2019[2014-15]Status: DisposedITAT Agra03 Feb 2025AY 2014-15
Bench: Shri M. Balaganesh(Through Virtual Hearing) M/S Shiv Balaji Cold Storage Vs. The Ito (P) Ltd., Ward-2(2)(5), Jaswant Nagar, Etawah Etawah-206245 (Appellant) (Respondent) Pan:Aapcs8415B Assessee By : Shri Anurag Sinha, Adv Revenue By: Shri Shailendra Srivastava, Sr. Dr Date Of Hearing 03/02/2025 Date Of Pronouncement 03/02/2025
For Appellant: Shri Anurag Sinha, AdvFor Respondent: Shri Shailendra Srivastava, Sr. DR
Section 143(3)Section 56(2)(viib)
section 143(3) of the Act by determining the total income at Rs 78,94,750/- after making the following additions:-
a) Addition towards share application money u/s 56(2)(viib) being the difference in fair value of shares and issue price of shares – Rs 6,82,424/- b) Undisclosed trading business income of potatoes on an estimated basis
