In the result appeal of the assessee is allowed

Bench: Shri N.K. Sainiassessment Year: 2015-16 Chitvan Aggarwal Vs. The Ito Prop. M/S Bhushan Impex, W-5(1), Ludhiana 17, Beri Mark, Punjab Vishwakarma Chowk, Gill Road, Ludhiana, Punjab

271B of the Act and sustained by the Ld. CIT(A) was not justified. The reliance was placed on the various case laws: • P. Senthil Kumar Vs. Pr. CIT-5 Chennai dt. 18/12/2018 in Tax Case Appeal No. 604 of 2018 (Madras HC) • Shri. T.T. Kuruvilla Vs. The Asst. CIT, C-1, Alappuzha dt. 22/01/2019 in ITA No. 504/Coch/2018(ITAT