GURU NANAK MILK PRODUCTS ,FEROZEPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR
In the result, the appeal of the assessee bearing ITA No
ITA 132/ASR/2022[2016-17]Status: DisposedITAT Amritsar09 Nov 2023AY 2016-17
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
Section 132Section 133Section 143(1)Section 143(3)Section 153BSection 153CSection 250(6)
153C of the Act for the past years, it was noticed that major part of the funds were utilised and remained blocked in investment in immovable properties, which were not utilised any timefor the business of the assessee and upon advances to entities with which there was no direct or indirect business dealing. The assessee himself has not claimed
