SHRI BALBIR SINGH M/S JAIDEEP GIFT CENTRE, TAPTEJ SINGH MARKET ,MOGA vs. ADDITIONAL COMMISSIONER OF INCOME TAX MOGA RANGE , MOGA
In the result, both the appeals filed by the assessee are allowed for
ITA 745/ASR/2017[2011-12]Status: DisposedITAT Amritsar18 Jul 2023AY 2011-12
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Sh. P. N. Arora, AdvFor Respondent: Sh. Radhey Shyam Jaiswal, Sr. DR
Section 143(3)Section 269SSection 269TSection 27Section 271D
269T. It is rightly held by Madras High Court in the case of CIT V.
Idhayam Publications Ltd., (2006) 285 ITR 221 (Mad)
"In this case there was a current account in the books of the assessee in the name of the one of the directors who used to pay money into the current account and also withdraw money from