SH. PREM PAL GANDHI,NAWANSHAHR vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- II, JALANDHAR
In the result, the appeal filed by the assessee is allowed
ITA 455/ASR/2017[2005-06]Status: DisposedITAT Amritsar04 May 2022AY 2005-06
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: None (Written submission)For Respondent: Sh. S. M. Surendranath, Sr. DR
Section 2(22)(e)Section 27Section 271Section 274
deemed dividend and taxed in his hands.
3.1
In the penalty proceeding, the AO stated that the assessee quantum addition is confirmed by the CIT(A). Accordingly, the AO rejected the explanation of the assessee as found to be false, as the assessee could not provide any authentic proof in support of his contention and held that the assessee
