MANGILAL,MYSORE vs. INCOME-TAX OFFICER, WARD-2(4), MYSORE
In the result, appeal filed by the assessee is partly allowed
ITA 269/BANG/2025[2017-18]Status: DisposedITAT Bangalore28 Aug 2025AY 2017-18
Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan Kassessment Year : 2017-18 Mangilal, Vs. Ito, Pro: Chagan Agencies, Ward – 2(4), #138, 3Rd Floor, A Block, Apmc Yard, Mysore. Bandipalya, Mysore. Pan : Ackpm 3943 J Appellant Respondent Assessee By : Shri. V. Srinivasan, Advocate Revenue By : Shri. Ganesh R. Ghale, Advocate, Standing Counsel For Revenue. Date Of Hearing : 17.07.2025 Date Of Pronouncement : 28.08.2025
For Appellant: Shri. V. Srinivasan, AdvocateFor Respondent: Shri. Ganesh R. Ghale, Advocate, Standing Counsel for Revenue
Section 40Section 68
house property of Rs.25,200/- and income from profit / gains from business /
profession was declared at Rs.4,44,067/-. The case was selected for scrutiny and notice was issued to the assessee. On verification of the financials
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submitted by the assessee, the loan creditors and trade creditors were observed as under:
3. From the above table