TRIVENI GLASS LIMITED,ALLAHABAD vs. INCOME TAX OFFICER WARD 2(3), ALLAHABAD

In the result, the appeal filed by assessee in ITA no

Bench: Shri.Vijay Pal Rao& Shri Ramit Kochar

96,760/-. The assessment u/s 143(3) was completed by I.T.O.-II(3), Allahabad making total additions of Rs. 2,42,39,843/- on adhoc basis and without allowing any set-off of brought forward business, losses and unabsorbed depreciation, thereby raising demand of Rs. 11,18,900/- vide his assessment order dated 27.03.2015. A.Ys

KESARWANI & CO.,ALLAHABAD vs. JT.CIT,, ALLAHABAD

In the result, appeal in ITA No

96,49,454/-, there could be no justification to allege suppression of sales of only Rs.87,94,292/-. Therefore, the addition was required to be deleted. The ld. CIT(A) observed that the assessee had raised questions on the source of figures of sales and purchases recorded by the ld. AO while preparing the trading account

ACIT,, ALLAHABAD vs. M/S KESARWANI & CO., ALLAHABAD

In the result, appeal in ITA No

96,49,454/-, there could be no justification to allege suppression of sales of only Rs.87,94,292/-. Therefore, the addition was required to be deleted. The ld. CIT(A) observed that the assessee had raised questions on the source of figures of sales and purchases recorded by the ld. AO while preparing the trading account