KHANNA INFRABUILD PRIVATE LIMITED ,LUDHIANA vs. THE DEPUTY COMMISSIONER OF INCOME TAX (CENTRAL CIRCLE)-2 LUDHIANA, LUDHIANA
In the result, the ground of appeal is allowed
ITA 663/CHANDI/2023[2017-2018]Status: DisposedITAT Chandigarh28 Jun 2024AY 2017-2018
Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)
For Appellant: Shri Sudhir Sehgal, AdvocateFor Respondent: Shri Rohit Sharma, CIT, DR
Section 115BSection 145(3)Section 153ASection 35ASection 69
254 (Guj)”
7.3. The Coordinate Ahmedabad Bench of the Tribunal in the case of ACIT vs.
ShriJayantilal T. Jariwala (supra) taking note of the aforesaid decision of various High
Courts, under similar circumstances, has decided the issue in favour of the assessee, observing as under:
“8. We have duly considered rival contentions and gone through the record carefully. Before
