LAKSHYA ICE & COLD STORAGE P LTD,ALIGARH vs. ITO WARD 1(5), ALIGARH
In the result, by the assessee is allowed
ITA 124/AGR/2018[2010-11]Status: DisposedITAT Agra16 May 2019AY 2010-11
Bench: Shri Sudhanshu Srivastava & Dr. Mitha Lal Meenam/S Lakshya Ice & Cold Storage Pvt. Ltd. Vs.. Income Tax Officer, Goyal Bhawan, Opp. Maheshwari Inter Ward 1(5), Aligarh College, Sasni Gate, Bye Pass Road, Aligarh (Pan: Aabcl5656R) (Respondent) (Appellant)
For Appellant: Sh. Pradeep K. Sahgal, Adv. & Sh. Utsav Sahgal, C.AFor Respondent: Shri Waseem Arshad, Sr.DR
Section 147Section 148Section 234BSection 271(1)(c)Section 68
section 147 of the Act that the AO should apply independent mind in order to form reasons to believe that income has escaped assessment, is not fulfilled.
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In the case of “PCIT Vs. RMG Polyvinyl (I) Ltd.”, (Supra) 396 ITR 5, it 13. was held that where information was received from investigation wing and the assessee was beneficiary
