M/S UMA GLASS WORKS ,FIROZABAD vs. PR.CIT.-1, AGRA
In the result, both the appeals of the assessee for AYs 2014-15 and
ITA 17/AGR/2021[2014-15]Status: DisposedITAT Agra02 Nov 2022AY 2014-15
Bench: Shri Anil Chaturvedi & Shri Challa Nagendra Prasadआ.अ.सं/.I.T.A Nos.17 & 18/Agra/2021 िनधा"रणवष"/Assessment Years:2014-15 & 2015-16 बनाम M/S Uma Glass Works Pcit, 22, Near Industrial Estate, Vs. Agra-1, Firozabad - 283203 Uttar Pradesh.
Section 143(3)Section 147Section 148Section 263
147 of the Act in not making addition U/s 68
resulted in erroneous and prejudicial to the interests of revenue except
stating that the Assessing Officer should have been made addition U/s 68
I.T.A.Nos.17 & 18/Agra/2021/A.Ys.2014-15 & 2015-16
instead of treating the net profit as assessed income of the Assessee on
account of alleged difference in closing stock