MR. MITHESH KUMAR JAYANTILAL,MANGALORE vs. DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE
In the result, appeal filed by the assessee is partly allowed
ITA 160/BANG/2023[2012-13]Status: DisposedITAT Bangalore07 Jul 2023AY 2012-13
Bench: Shri George George K & Shri Laxmi Prasad Sahuassessment Year : 2012-13 Mr. Mithesh Kumar Jayantilal, The Deputy Commissioner Of Income Tax, 103, 130/30, Steel Centre Central Circle – 1, Building, Near Urdu School, Vs. Mangalore. Kasaigalli, Bunder, Mangalore, Karnataka – 575 001. Pan : Afhpj 0632 F Appellant Respondent Assessee By : Shri. Satya Prakash Singh, Ca Revenue By : Smt. Nishi Padma, Addl. Cit(Dr), Itat, Bengaluru. Date Of Hearing : 06.07.2023 Date Of Pronouncement : 07.07.2023
For Appellant: Shri. Satya Prakash Singh, CAFor Respondent: Smt. Nishi Padma, Addl. CIT(DR), ITAT, Bengaluru
Section 133ASection 144Section 148Section 250
delay of 76 days is condoned and we proceed to dispose off the appeal on merits.
4. The solitary issue that is raised is whether the CIT(A) is justified in confirming the addition of Rs.7,71,163/- being 8% of the suppressed turnover i.e., Rs.96,39,541/- as alleged by the AO.
5. Brief facts of the case