RISHNOOR KAUR,IRELAND vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION), CHANDIGARH

In the result, the appeal is allowed for statistical purposes

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. MANOJ KUMAR AGGARWAL (Accountant Member)

2. The assessment in the present case was completed under section 147 read with section 144 of the Act on 12.12.2018, wherein the Ld. AO treated the entire sale consideration of a property as taxable income and raised a demand of Rs.45,17,840/-. The assessee, who resides abroad in Ireland, handed over the assessment order and related papers

M/S AUTHORGEN TECHNOLOGIES PVT.LTD,MOHALI vs. PR.CIT-1, CHANDIGARH

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

2)(b) and hence such an action is bad in law. 3. On the facts and under the circumstances of the case and in law, the learned AO erred in invoking Section 68 of the Income Tax Act, 1961 even though the appellant being resident, has provided complete explanation about the nature and source of sum so credited

AUTHORGEN TECHNOLOGIES PVT. LTD.,MOHALI vs. ITO, WARD 6(1), CHANDIGARH

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

2)(b) and hence such an action is bad in law. 3. On the facts and under the circumstances of the case and in law, the learned AO erred in invoking Section 68 of the Income Tax Act, 1961 even though the appellant being resident, has provided complete explanation about the nature and source of sum so credited