DCIT,CIRCLE-I, LUDHIANA, LUDHIANA vs. ADINATH TEXTILES LIMITED, LUDHIANA
In the result both the appeal filed by the Revenue and Cross objection filed by the Assessee are dismissed
ITA 122/CHANDI/2024[2012-13]Status: DisposedITAT Chandigarh23 Jul 2025AY 2012-13
Bench: the appeal is finally heard or disposed off.
For Appellant: Shri Sudhir Sehgal, AdvocateFor Respondent: Shri Manav Bansal, CIT, DR
Section 147Section 148Section 68Section 69C
147, iii).
M/s Supertech Forgings (India) Pvt Ltd. vs DCIT in ITA No.
563/Asr/2018 order dated 25.08.2021 and of Hon'ble Punjab &
Haryana High Court.
iv).
M/s Holy Faith International Pvt Ltd. Vs DCIT in IiA No.
181/Asr/2017 order dated 15.01.2019
22. It was further argued by the Counsel that there has been wrong reason to belief formed
