LAKHVIR SINGH 810, VPO MALLAH TEHSIL JAGRAON DISTRICT LUDHIANA,PUNJAB vs. THE ASSESSMENT UNIT NFAC DELHI JAO INCOME TAX OFFICER WARD-1, MOGA, PUNJAB
In the result, the appeal filed by the assessee is allowed for statistical purposes
ITA 541/ASR/2024[2015-2016]Status: DisposedITAT Amritsar29 May 2025AY 2015-2016
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta
For Appellant: Sh. Sudhir Sehgal, AR
Section 142(1)Section 147Section 148Section 148ASection 250Section 69A
80,000/-) as stated by the AO) and the contention of the assessee was that the said
deposit has come out of sale of agricultural produce. It was further submitted that
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I.T.A. No. 541/Asr/2024
Assessment Year: 2015-16
investment in fixed deposits were made out of closure proceeds of earlier fixed
deposits.
7. However, the AO accepted the documentary