M/S SHARP CHUKS AND MACHINES PRIVATE LIMITED ,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR
The appeal of the assessee is disposed of in the terms as above
ITA 169/ASR/2023[2017-18]Status: DisposedITAT Amritsar13 Sept 2023AY 2017-18
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Sh. Rohit Kapoor, CA &For Respondent: Smt. Ratinder Kaur, Sr. DR
Section 1Section 115BSection 153(3)Section 250(6)Section 44ASection 69Section 69A
demonetization period and the appellant to settle
the case based on discrepancy noticed by the survey team made a
surrendered of sum of Rs.1.61 crores as additional business income for
financial year 2016-17 relevant to the Assessment Year under
consideration (APB pg. 71). During scrutiny proceedings, the AO accepted
the fact that the appellant surrendered a total