M/S SURINDER SAT AGRO FOODS ,JALALABAD vs. THE ASSTT. COMMISSIONER OF INCOME TAX, BATHINDA
In the result, the three appeals of the assessee are allowed for
ITA 214/ASR/2017[2013-14]Status: DisposedITAT Amritsar30 Oct 2023AY 2013-14
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Sh. Ashwani Kalia, CAFor Respondent: Sh. Rajiv Wadhera, Sr. DR
Section 143(3)Section 145(3)Section 147Section 148Section 151Section 271(1)(c)Section 282
40A(3) of the Act. Hence for
the above reasons, proceedings u/s 147 of the Act were initiated and
issued notice u/s 148 of the Act. Being not satisfied with the reply of the
assessee, the AO made an addition of Rs.79,51,206/- being the alleged
undisclosed profit and Rs. 50,00,000/- unexplained initial investment