M/S OVERSEAS LEATHERS,RANIPET vs. DCIT, CHENNAI
In the result, appeal filed by the assessee is allowed
ITA 962/CHNY/2022[2018-19]Status: DisposedITAT Chennai05 Apr 2023AY 2018-19
Bench: Shri Aby T. Varkey, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 962/Chny/2022 िनधा"रण वष" / Assessment Year: 2018-19 M/S. Overseas Leathers, Deputy Commissioner Of No. 131, Sidco Industrial V. Income-Tax, Estates, Central Circle -3(3), Sipcot, Ranipet, Ranipet New No. 46, Old No. 108, District – 632 403 Mahatma Gandhi Road, [Pan: Aaafo-0375-L] Chennai – 600 034. (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. D. Anand, Advocate : Shri. P. Sajit Kumar, Jcit ""यथ" क" ओर से/Respondent By सुनवाई की तारीख/Date Of Hearing : 20.03.2023 घोषणा की तारीख/Date Of Pronouncement : 05.04.2023
For Appellant: Shri. D. Anand, Advocate
Section 115BSection 69B
40b(v). In this regard, our reference was drawn to the decision of Co- ordinate Bench in case of Shri Ramnarayan Birla (in ITA
No. 482/JP/15 dted 30.09.2016). In that case, the question before the Coordinate Bench was “whether the CIT(A)-2, Udaipur has erred in directing the AO to assess the unexplained investment surrendered by the assessee under
