INCOME TAX OFFICER-1, MORENA vs. SHRI AGRASEN LOGISTICS, JOTAI ROAD, PORSA,
In the result, the appeal of the Revenue is dismissed
ITA 108/AGR/2025[2022-23]Status: DisposedITAT Agra24 Jun 2025AY 2022-23
Bench: Shri Sunil Kumar Singh & Shri Manish Agarwal
Section 143(2)Section 143(3)Section 250Section 68
section
68 Bank statement of
lender
companies
revealed
high
transactions during day
and a consistently
minimal balance at end of
working day Further,
day when assessee was
given loan there were
credit entries of almost
similar amounts, and
balance after these
transactions was a small
amount Tribunal taking
into account bank
statements of lender
companies and fact that
assessee
