KUNDAN JEWELLERS PRIVATE LIMITED,GANDHI CHOWK, SADAR BAZAR, MUKTSAR vs. THE INCOME TAX OFFICER, WARD-2(2), MUKTSAR, MUKTSAR
In the result, the appeal of the assessee is allowed
ITA 284/ASR/2025[2014-15]Status: DisposedITAT Amritsar06 Apr 2026AY 2014-15
Bench: Sh. Udayan Dasgupta & Sh. Krinwant Sahay
For Appellant: Sh. Sudhir Sehgal, A. R
Section 147Section 148Section 153CSection 250Section 69A
69A of the Act, based on allegations, that the assessee has carried
out undisclosed transaction, with one party namely Ridhi International, operated by
Sh. Shripal Vohra from whom, the assessee has been alleged to have received an
undisclosed amount of Rs. 70.09 lakhs in its bank accounts, held with “Saraswat
Cooperative Bank” and with “Canara Bank” totaling the said amount