SHRI YASH PAUL MALHOTRA,JALANDHAR vs. DEPUTY COMMISSIONER OF INCME TAX CIRCLE-1, JALANDHAR
In the result the appeal of the assessee is allowed
ITA 380/ASR/2024[2018-19]Status: DisposedITAT Amritsar13 Aug 2025AY 2018-19
Bench: Sh. Udayan Dasgupta & Sh. Brajesh Kumar Singh
Section 132ASection 142(1)Section 143(2)Section 143(3)Section 148Section 153CSection 250Section 69A
153C of the Act. Proceedings initiated u/s 148 of the Act are illegal and bad in law.
2. That on the facts & circumstances of the case, Learned
ClT(Appeals), NFAC, Delhi has grossly erred in confirming addition of Rs. 2,00,000/- u/s 69A of the Act in respect of amount advanced to Sh. Parveen Kumar Sharma which stood recorded
