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
271E. While rejecting assessee plea the Ld ADD! CIT did not considered the facts that the transaction of Rs. 20.00 Lakh was a genuine transaction made out of directors current account maintained with the company, which is out of the purview of the provisions of section 269SS and 269TT of the Act. Further the transaction w'as made
