DCIT vs. M/S FIZA DEVELOPERS & INTERTRADE PVT. LTD.,,
In the result, the ground of appeal is allowed statistical purposes
ITA 1026/BANG/2013[2007-08]Status: DisposedITAT Bangalore29 Jul 2022AY 2007-08
Bench: Shri N.V. Vasudevan & Shri Laxmi Prasad Sahuassessment Year : 2007-08
For Appellant: Shri Dilip for K.V. Arivind, Standing CounselFor Respondent: Sri Narendra Sharma, A.R
Section 131Section 153ASection 68Section 80Section 80I
TDS on it.
In view of the above, it is presumed that the assessee is not in the position to reconcile the difference. Hence, the difference amount of Rs 3,81,76,654/-is treated as bogus credit and added as undisclosed income of the assessee for the AY 2007-08. (Add: 3,81,76,654/-)”
Finally the assessing officer