THE INCOME TAX OFFICER, AMRITSAR. vs. M/S PUNJAB COMMISSION SHOP.,, AMRITSAR.
In the result, the appeal of the Revenue is dismissed
ITA 280/ASR/2016[2011-12]Status: DisposedITAT Amritsar21 Feb 2019AY 2011-12
Bench: Sh. N. S. Saini & Sh. N. K. Choudhryita No. 280/Asr./2016 : Asstt. Year : 2011-12 Income Tax Officer, Vs M/S Punjab Commission Shop., Ward-3(3), 63, Mewa Mandi, Amritsar Amritsar (Appellant) (Respondent) Pan No. Aabfp5600Q
For Appellant: Shri. Ashwani Kalia, CAFor Respondent: Smt. Ratinder Kaur, DR
Section 133ASection 14Section 69
96,34,000
+
12,52,000 = 2,09,00,000/- as his additional income for the year, over & above his regular income for the year.
Assessee credited the P&L
A/c with amount surrendered and declared net profit of 20,40,700/-.
As per AO if no credit entry of survey amount there was present, there would have been