THE INCOME TAX OFFICER, AMRITSAR. vs. SH. SHIV RAJ SINGH BAWA, AMRITSAR.
In the result, the Revenue’s appeal is allowed and the assessee’s CO, dismissed
ITA 407/ASR/2016[2012-13]Status: DisposedITAT Amritsar30 Jan 2019AY 2012-13
Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 407/Asr/2016 Assessment Year: 2012-13
For Appellant: Sh. Charan Dass (D.R.)For Respondent: Sh. Tarun Bansal (Adv.)
Section 143(3)Section 40A(3)
43D (sec. 29). In fact, the Hon’ble Courts have, as in the case of CIT v. Hynoup Food and Oil Industries
Pvt. Ltd. [2007] 290 ITR 702 (Guj), held that section 40A(3) shall apply even in respect of undisclosed income. Now, without doubt, the assessee is assessable to tax in respect of income