NEERU ARORA,CHANDIGARH vs. CIRCLE-1, INTERNATIONAL TAXATION, CHANDIGARH
In the result, the appeal of the assessee is partly allowed in terms indicated above
ITA 60/CHANDI/2024[2013-14]Status: DisposedITAT Chandigarh25 Jun 2025AY 2013-14
Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. MANOJ KUMAR AGGARWAL (Accountant Member)
For Appellant: Shri Parikshit Aggarwal, C.AFor Respondent: Smt. Tarundeep Kaur, CIT, DR
Section 142(1)Section 144C(2)Section 147Section 148Section 2(47)(v)Section 48Section 50CSection 50C(1)Section 50C(2)Section 53A
3. A notice under section 148 dated 28.07.2022 was issued after obtaining the necessary approval from the competent authority. In the course of reassessment proceedings, notices under section 142(1), along with questionnaires, were issued by the AO seeking specific details regarding the said transaction.
4. The AO noted that despite repeated opportunities, no credible explanation or evidence for cost