SH GAUTAM SETH,BATALA vs. THE INCOME TAX OFFICER, BATALA
In the result, the Ground Nos
ITA 108/ASR/2017[2008-09]Status: DisposedITAT Amritsar04 Jul 2022AY 2008-09
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Sh. Mrs. Rano Jain, Adv. &For Respondent: Smt. Rajinder Kaur, CIT DR
Section 143(2)Section 143(3)Section 148Section 234BSection 250(6)Section 271Section 40A(3)Section 44A
Section 40A(3) without appreciating the fact that the provision of 40A(3) is not applicable where the Gross Profit Ratio is estimated u/ s. 44AF.
5. That the AO and CIT(A) has erred on facts and in law in making an addition of Rs. 14,88,263/- u/s. 44AF without appreciating the fact that the transaction of purchase
