A.C.I.T., CIRCLE-2, GWALIOR vs. M/S RAKESH SHIVHARE & NISHA MITTAL, MORENA

In the result, appeal of the Revenue is allowed for statistical purposes

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meena

undisclosed income of Shri Ramesh Chand Garg and the ultimate beneficiary of the transactions is Shri Ramesh Chand Garg. As the dividend received is exempted in the hand of the assessee but the ultimate beneficiary of the transaction is Shri Ramesh Chand Garg and benefits of the law is applicable for them who abide by the law, not for them

A.C.I.T., CIRCLE-2, GWALIOR vs. M/S SUNIL KUMAR MITTAL & MAMTA MITTAL, MORENA

In the result, appeal of the Revenue is allowed for statistical purposes