P.ANBAZHAGAN,KOMARAPALAYAM vs. DCIT, SALEM

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos. 2174 To 2178/Mds/2013 िनधा"रण वष" / Assessment Years :2002-03, 2003-04,2004-05,2005-06 & 2006-07 Smt. A. Jothimani, The Deputy Commissioner Of No.11-D-2, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No. 2183/Mds/2013 िनधा"रण वष" / Assessment Year : 2001-02 The Deputy Commissioner Of Shri P. Anbazhagan Income Tax, V. No.11-D-2, Sivasakthi Nagar, Central Circle, Bye-Pass Road, Salem. Komarapalayam-638183 Pan : Aavpa7006J (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita Nos. 2172 & 2173/Mds/2013 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07 M/S. Anburaj Exports, The Deputy Commissioner Of No.11-D, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

68 of the Act. Therefore the addition made by the Assessing Officer cannot be sustained. Accordingly, the same is deleted. 9 I.T.A. Nos.2174 to 2178/Mds/2013 I.T.A. No.2183/Mds/2013 I.T.A. Nos.2172 & 2173/Mds/2013 I.T.A. No.2179/Mds/2013 11. The next issue arises for consideration is disallowance of ₹1,00,000/-. 12. Shri S. Sridhar, the Ld. Counsel for the assessee submitted that the Assessing Officer

A. JOTHIMANI,KOMARAPALAYAM vs. DCIT, SALEM

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos. 2174 To 2178/Mds/2013 िनधा"रण वष" / Assessment Years :2002-03, 2003-04,2004-05,2005-06 & 2006-07 Smt. A. Jothimani, The Deputy Commissioner Of No.11-D-2, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No. 2183/Mds/2013 िनधा"रण वष" / Assessment Year : 2001-02 The Deputy Commissioner Of Shri P. Anbazhagan Income Tax, V. No.11-D-2, Sivasakthi Nagar, Central Circle, Bye-Pass Road, Salem. Komarapalayam-638183 Pan : Aavpa7006J (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita Nos. 2172 & 2173/Mds/2013 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07 M/S. Anburaj Exports, The Deputy Commissioner Of No.11-D, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

68 of the Act. Therefore the addition made by the Assessing Officer cannot be sustained. Accordingly, the same is deleted. 9 I.T.A. Nos.2174 to 2178/Mds/2013 I.T.A. No.2183/Mds/2013 I.T.A. Nos.2172 & 2173/Mds/2013 I.T.A. No.2179/Mds/2013 11. The next issue arises for consideration is disallowance of ₹1,00,000/-. 12. Shri S. Sridhar, the Ld. Counsel for the assessee submitted that the Assessing Officer

A. JOTHIMANI,KOMARAPALAYAM vs. DCIT, SALEM

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos. 2174 To 2178/Mds/2013 िनधा"रण वष" / Assessment Years :2002-03, 2003-04,2004-05,2005-06 & 2006-07 Smt. A. Jothimani, The Deputy Commissioner Of No.11-D-2, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No. 2183/Mds/2013 िनधा"रण वष" / Assessment Year : 2001-02 The Deputy Commissioner Of Shri P. Anbazhagan Income Tax, V. No.11-D-2, Sivasakthi Nagar, Central Circle, Bye-Pass Road, Salem. Komarapalayam-638183 Pan : Aavpa7006J (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita Nos. 2172 & 2173/Mds/2013 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07 M/S. Anburaj Exports, The Deputy Commissioner Of No.11-D, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

68 of the Act. Therefore the addition made by the Assessing Officer cannot be sustained. Accordingly, the same is deleted. 9 I.T.A. Nos.2174 to 2178/Mds/2013 I.T.A. No.2183/Mds/2013 I.T.A. Nos.2172 & 2173/Mds/2013 I.T.A. No.2179/Mds/2013 11. The next issue arises for consideration is disallowance of ₹1,00,000/-. 12. Shri S. Sridhar, the Ld. Counsel for the assessee submitted that the Assessing Officer

A. JOTHIMANI,KOMARAPALAYAM vs. DCIT, SALEM

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos. 2174 To 2178/Mds/2013 िनधा"रण वष" / Assessment Years :2002-03, 2003-04,2004-05,2005-06 & 2006-07 Smt. A. Jothimani, The Deputy Commissioner Of No.11-D-2, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No. 2183/Mds/2013 िनधा"रण वष" / Assessment Year : 2001-02 The Deputy Commissioner Of Shri P. Anbazhagan Income Tax, V. No.11-D-2, Sivasakthi Nagar, Central Circle, Bye-Pass Road, Salem. Komarapalayam-638183 Pan : Aavpa7006J (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita Nos. 2172 & 2173/Mds/2013 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07 M/S. Anburaj Exports, The Deputy Commissioner Of No.11-D, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

68 of the Act. Therefore the addition made by the Assessing Officer cannot be sustained. Accordingly, the same is deleted. 9 I.T.A. Nos.2174 to 2178/Mds/2013 I.T.A. No.2183/Mds/2013 I.T.A. Nos.2172 & 2173/Mds/2013 I.T.A. No.2179/Mds/2013 11. The next issue arises for consideration is disallowance of ₹1,00,000/-. 12. Shri S. Sridhar, the Ld. Counsel for the assessee submitted that the Assessing Officer

DCIT, SALEM vs. SHRI P. ANBAZHAGAN, KOMARAPALAYAM

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos. 2174 To 2178/Mds/2013 िनधा"रण वष" / Assessment Years :2002-03, 2003-04,2004-05,2005-06 & 2006-07 Smt. A. Jothimani, The Deputy Commissioner Of No.11-D-2, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No. 2183/Mds/2013 िनधा"रण वष" / Assessment Year : 2001-02 The Deputy Commissioner Of Shri P. Anbazhagan Income Tax, V. No.11-D-2, Sivasakthi Nagar, Central Circle, Bye-Pass Road, Salem. Komarapalayam-638183 Pan : Aavpa7006J (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita Nos. 2172 & 2173/Mds/2013 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07 M/S. Anburaj Exports, The Deputy Commissioner Of No.11-D, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

68 of the Act. Therefore the addition made by the Assessing Officer cannot be sustained. Accordingly, the same is deleted. 9 I.T.A. Nos.2174 to 2178/Mds/2013 I.T.A. No.2183/Mds/2013 I.T.A. Nos.2172 & 2173/Mds/2013 I.T.A. No.2179/Mds/2013 11. The next issue arises for consideration is disallowance of ₹1,00,000/-. 12. Shri S. Sridhar, the Ld. Counsel for the assessee submitted that the Assessing Officer

A. JOTHIMANI,KOMARAPALAYAM vs. DCIT, SALEM

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos. 2174 To 2178/Mds/2013 िनधा"रण वष" / Assessment Years :2002-03, 2003-04,2004-05,2005-06 & 2006-07 Smt. A. Jothimani, The Deputy Commissioner Of No.11-D-2, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No. 2183/Mds/2013 िनधा"रण वष" / Assessment Year : 2001-02 The Deputy Commissioner Of Shri P. Anbazhagan Income Tax, V. No.11-D-2, Sivasakthi Nagar, Central Circle, Bye-Pass Road, Salem. Komarapalayam-638183 Pan : Aavpa7006J (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita Nos. 2172 & 2173/Mds/2013 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07 M/S. Anburaj Exports, The Deputy Commissioner Of No.11-D, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

68 of the Act. Therefore the addition made by the Assessing Officer cannot be sustained. Accordingly, the same is deleted. 9 I.T.A. Nos.2174 to 2178/Mds/2013 I.T.A. No.2183/Mds/2013 I.T.A. Nos.2172 & 2173/Mds/2013 I.T.A. No.2179/Mds/2013 11. The next issue arises for consideration is disallowance of ₹1,00,000/-. 12. Shri S. Sridhar, the Ld. Counsel for the assessee submitted that the Assessing Officer

SHRI ANBURAJ EXPORTS,KOMARAPALAYAM vs. DCIT, SALEM

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos. 2174 To 2178/Mds/2013 िनधा"रण वष" / Assessment Years :2002-03, 2003-04,2004-05,2005-06 & 2006-07 Smt. A. Jothimani, The Deputy Commissioner Of No.11-D-2, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No. 2183/Mds/2013 िनधा"रण वष" / Assessment Year : 2001-02 The Deputy Commissioner Of Shri P. Anbazhagan Income Tax, V. No.11-D-2, Sivasakthi Nagar, Central Circle, Bye-Pass Road, Salem. Komarapalayam-638183 Pan : Aavpa7006J (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita Nos. 2172 & 2173/Mds/2013 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07 M/S. Anburaj Exports, The Deputy Commissioner Of No.11-D, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

68 of the Act. Therefore the addition made by the Assessing Officer cannot be sustained. Accordingly, the same is deleted. 9 I.T.A. Nos.2174 to 2178/Mds/2013 I.T.A. No.2183/Mds/2013 I.T.A. Nos.2172 & 2173/Mds/2013 I.T.A. No.2179/Mds/2013 11. The next issue arises for consideration is disallowance of ₹1,00,000/-. 12. Shri S. Sridhar, the Ld. Counsel for the assessee submitted that the Assessing Officer

A. JOTHIMANI,KOMARAPALAYAM vs. DCIT, SALEM

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos. 2174 To 2178/Mds/2013 िनधा"रण वष" / Assessment Years :2002-03, 2003-04,2004-05,2005-06 & 2006-07 Smt. A. Jothimani, The Deputy Commissioner Of No.11-D-2, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No. 2183/Mds/2013 िनधा"रण वष" / Assessment Year : 2001-02 The Deputy Commissioner Of Shri P. Anbazhagan Income Tax, V. No.11-D-2, Sivasakthi Nagar, Central Circle, Bye-Pass Road, Salem. Komarapalayam-638183 Pan : Aavpa7006J (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita Nos. 2172 & 2173/Mds/2013 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07 M/S. Anburaj Exports, The Deputy Commissioner Of No.11-D, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

68 of the Act. Therefore the addition made by the Assessing Officer cannot be sustained. Accordingly, the same is deleted. 9 I.T.A. Nos.2174 to 2178/Mds/2013 I.T.A. No.2183/Mds/2013 I.T.A. Nos.2172 & 2173/Mds/2013 I.T.A. No.2179/Mds/2013 11. The next issue arises for consideration is disallowance of ₹1,00,000/-. 12. Shri S. Sridhar, the Ld. Counsel for the assessee submitted that the Assessing Officer

SHRI ANBURAJ EXPORTS,KOMARAPALAYAM vs. DCIT, SALEM

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos. 2174 To 2178/Mds/2013 िनधा"रण वष" / Assessment Years :2002-03, 2003-04,2004-05,2005-06 & 2006-07 Smt. A. Jothimani, The Deputy Commissioner Of No.11-D-2, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No. 2183/Mds/2013 िनधा"रण वष" / Assessment Year : 2001-02 The Deputy Commissioner Of Shri P. Anbazhagan Income Tax, V. No.11-D-2, Sivasakthi Nagar, Central Circle, Bye-Pass Road, Salem. Komarapalayam-638183 Pan : Aavpa7006J (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita Nos. 2172 & 2173/Mds/2013 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07 M/S. Anburaj Exports, The Deputy Commissioner Of No.11-D, Sivasakthi Nagar, V. Income Tax, Bye-Pass Road, Central Circle, Komarapalayam Salem. Pan : Adopj2834Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

68 of the Act. Therefore the addition made by the Assessing Officer cannot be sustained. Accordingly, the same is deleted. 9 I.T.A. Nos.2174 to 2178/Mds/2013 I.T.A. No.2183/Mds/2013 I.T.A. Nos.2172 & 2173/Mds/2013 I.T.A. No.2179/Mds/2013 11. The next issue arises for consideration is disallowance of ₹1,00,000/-. 12. Shri S. Sridhar, the Ld. Counsel for the assessee submitted that the Assessing Officer

S4 CARLISLE PUBLISHING SERVICE P LTD.,CHENNAI vs. DCIT CORPORATE CIRCLE 6(1), CHENNAI

Bench: Shri George Mathan & Shri S. Jayaraman

214 Total Share Premium introduced during AY 07-08 Rs.L08,84,260 Rs.2,41,48,474 Subsequently, during the A. Y. 2008-09, the assessee had floated a wholly owned US subsidiary by name S4 Carlisle Publishing Services Inc. The assessee company has entered into a share transfer and purchase agreement on 06-04-2007 with M/s. Carlisle Communication

A.N.MUTHIAH,CHENNAI vs. ITO NON CORPORATE WARD-21(2), CHENNAI

In the result, the appeal filed by the assessee in ITA No

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar"नधा(रण वष( /Assessment Year: 2011-12

68 have been laid down and in as much as none of the conditions exist, he ought to have set aside the original order. 10. The Appellant craves leave to file additional grounds at the time of hearing.” :- 3 -: 3. Briefly stated facts of the case are that the assessee is an bank employee, drawing income from salary. The case

NARESH PRASAD AGARWAL,CHENNAI vs. DCIT, CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

Section 68 of the Act, from sales accounted by the assessee. As mentioned by us at para 53 and 54 above, it is an undisputed position that credits in bullion margin money account were generally transferred to sales account. Addition of credit in bullion margin money account has been sustained by us, only to the extent not transferred/accounted

ACIT CENTRAL CIRCLE 3(1), CHENNAI vs. SHIV SAHAI & SONS (INDIA) LTD., CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

Section 68 of the Act, from sales accounted by the assessee. As mentioned by us at para 53 and 54 above, it is an undisputed position that credits in bullion margin money account were generally transferred to sales account. Addition of credit in bullion margin money account has been sustained by us, only to the extent not transferred/accounted

ACIT, CHENNAI vs. NARESH PRASAD AGARWAL, CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

Section 68 of the Act, from sales accounted by the assessee. As mentioned by us at para 53 and 54 above, it is an undisputed position that credits in bullion margin money account were generally transferred to sales account. Addition of credit in bullion margin money account has been sustained by us, only to the extent not transferred/accounted

SAHAI & SONS (I) LTD.,CHENNAI vs. DCIT, CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George]

Section 68 of the Act, from sales accounted by the assessee. As mentioned by us at para 53 and 54 above, it is an undisputed position that credits in bullion margin money account were generally transferred to sales account. Addition of credit in bullion margin money account has been sustained by us, only to the extent not transferred/accounted

ASSISTANT COMMISSIONER OF INCOME TAX, CUDDALORE vs. CHOLAJI KANNIYALAL, KAMARAJ STREET, VILLUPURAM

In the result, appeal filed by the revenue is dismissed and cross objection filed by the assessee is dismissed

Bench: Shri S.S. Viswanethra Ravi, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 1674/Chny/2024 & Co No.: 51/Chny/2024 िनधा"रणवष" / Assessment Year: 2017-18 Assistant Commissioner Of Cholaji Kanniyalal, Income Tax, V. No. 191, Kamaraj Street, Circle -1, Villupuram, Cuddalore – 607 002. Tamil Nadu – 605 602. [Pan: Aaepk-4555-E] (अपीलाथ"/Appellant) (Respondent/Cross Objector) Assessee By : Ms. Gouthami Manivasagam, Jcit Department By : Ms. Nidhi D. Jain, Ca सुनवाई की तारीख/Date Of Hearing : 02.09.2024 घोषणा की तारीख/Date Of Pronouncement : 28.11.2024

section 68 of the Income-tax Act 1961. 2.1. The ld. CIT(A) failed to appreciate that even the sales were made out of the available stock on hand, the closing cash balance as on 08.11.2016 was Rs.2,24,39,163/- and the assessee has nor deposited the entire amount immediately after the ban on specified notes was imposed

K.BADAL BAI L/H OF LATE SRI A.KEWALCHAND,GUDIYATHAM vs. ACIT, VELLORE

In the result, the assessee’s appeal is allowed/ treated as allowed

Bench: Shri N.R.S. Ganesan & Shri S. Jayaraman

section 40A (3), 14A and the gross agricultural income treated as income from other sources was confirmed by the learned CIT(A). 2. Ground No. 2.1 and 2.2 of the appeal deals with the addition of Rs.28,68,214

ACIT CENTRAL CIRCLE 2 (2), CHENNAI vs. M/S MIDAS GOLDEN DISTILLERIES PRIVATE LIMITED, KANCHIPURAM

In the result, the appeal filed by the Revenue is partly allowed

Bench: Shri Ss Viswanethra Ravi & Shri Jagadishआयकर अपील सं./Ita No.2562/Chny/2017 िनधा:रण वष: /Assessment Year: 2004-05

214 ITR 801(SC) and held that even if identity of the creditor is established, addition can be made if the transactions are not found to be genuine.. 2.5 Having relied on the decision of the Hon'ble Supreme Court in the case of Lovely Exports luvt Ltd, 319 ITR 005(SC) ought to have taken cognizance

ACIT CENTRAL CIRCLE 3(2) , CHENNAI vs. CMG STEELS PVT. LTD. , CHENNAI

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita No.: 1985/Chny/2017 िनधा"रण वष" / Assessment Year: 2011-12 The Asst. Commissioner Of M/S. Cmg Steels Pvt. Ltd., Income Tax, V. No.8, Elanthanur, Central Circle – 3(2), Ponneri High Road, Chennai – 34. Chennai – 600 103. Pan: Aadcc 7579C (अपीलाथ"/Appellant) (""यथ"/Respondent) & Co No.: 155/Chny/2017 (In Ita No.1985/Chny/2017) िनधा"रण वष" / Assessment Year: 2011-12 M/S. Cmg Steels Pvt. Ltd., The Asst. Commissioner Of Income Tax, V. No.8, Elanthanur, Central Circle – 3(2), Ponneri High Road, Chennai – 34. Chennai – 600 103. Pan: Aadcc 7579C (अपीलाथ"/Appellant) (""यथ"/Respondent) राज" की ओर से /Revenue By : Shri S. Bharath, Cit "नधा"रती क" ओर से/Assessee By : Shri T. Banusekar, Advocate सुनवाई क" तार"ख/Date Of Hearing : 25.03.2021 घोषणा क" तार"ख/Date Of Pronouncement : 09.06.2021

Section 68 of the Act and made additions to total income. Similarly, the AO has made addition towards interest paid on said loans u/s.37 of the Act. 6. Being aggrieved by the assessment order, assessee preferred an appeal before the ld.CIT(A). Before the ld.CIT(A), the assessee has challenged assessment framed u/s.143(3) r.w.s. 153C