M/S ACTIVE TOOLS (P). LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -II, JALANDHAR
ITA 260/ASR/2019[2014-15]Status: DisposedITAT Amritsar16 Aug 2021AY 2014-15
Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meena
Section 115Section 133ASection 142(1)Section 154Section 68Section 69Section 69ASection 69BSection 69CSection 69D
depreciation
ITA 260/Amr/2019
32
From the above chart, your goodself will observe that income declared by the assessee is much more as compared to previous year, keeping in view amount surrendered at Rs. 1,50,00,000/- during the year under consideration.”
39. Further, the assessee in rectification proceeding under section 154 had submitted the manner in which the amount
