NEERAJ KUMAR SETHI,DELHI vs. ITO, NATIONAL FACELESS APPEAL CENTRE (NFAC)
In the result, the appeal filed by the assessee is allowed
ITA 9/ASR/2024[2014-15]Status: DisposedITAT Amritsar26 Sept 2025AY 2014-15
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta
For Appellant: Sh. Ashwani Kalia, C.A
Section 139Section 143(3)Section 144BSection 147Section 148Section 250Section 68
purchase and bogus sales will reduce the sales,( in the trading results ) without much difference in the instant case and monetary transactions of inflow and outflow of funds will also result to the same effect.
15. Before concluding the Ld. AR argued on the additional ground drawing reference to the SCN dated 27th March, 2022, he submitted that