JADE GRANITES INDUSTRIES,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(1)(1),, AHMEDABAD
In the result, the appeal of the assessee in ITA No
ITA 81/AHD/2024[2016-17]Status: DisposedITAT Ahmedabad15 Jul 2024AY 2016-17
Bench: The Income Tax Appellate Tribunal, Ahmedabad Bench, Ahmedabad Which Has Arisen From The Appellate Order Dated 23-11-2023 In Din & Order No. Itba/Nfac/S/250/2023-24/1058173176(1)
For Appellant: Shri Mehul K. Patel, AdvocateFor Respondent: Shri Sanjay Jain, Sr. D.R
Section 143(1)Section 143(2)Section 143(3)Section 250Section 68
Penalty proceedings u/s. 271(1)(c) of the Act are also initiated separately.
[Addition Rs.30,00,000]
In support of above discussion relied on following judicial decision:
In Tolaram Daga v. CIT (1966) 59 ITR 632 (Gau.) the High Court held that requiring the firm or the individual partner to go further and adduce proof of the sources from which