ACIT, CENTRAL CIRCLE-2, TRICHY vs. M/S MANGAL & MANGAL, TRICHY
In the result, appeal filed by the revenue is dismissed
ITA 772/CHNY/2022[2017-18]Status: DisposedITAT Chennai06 Sept 2023AY 2017-18
Bench: Shri Manjunatha. G, Hon’Ble & Shri Manomohan Das, Hon’Bleआयकर अपील सं./Ita No.: 772/Chny/2022 िनधा"रण वष" / Assessment Years: 2017-18 The Assistant Commissioner Of M/S. Mangal & Mangal, Income Tax, V. 25, N.S.B. Road, Teppakulam, Central Circle -2, Trichy – 620 002. No. 44, Williams Road, [Pan: Aaifm-3378-B] Cantonment, Trichy – 620 001. (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Dr. R. Mohan Reddy, Cit ""यथ" क" ओर से/Respondent By : Shri. S. Sridhar, Advocate सुनवाई की तारीख/Date Of Hearing : 08.06.2023 घोषणा की तारीख/Date Of Pronouncement : 06.09.2023
For Appellant: Dr. R. Mohan Reddy, CITFor Respondent: Shri. S. Sridhar, Advocate
Section 111ASection 115BSection 143(2)Section 68
89,03,81,500/- into its bank account during demonetization period from 08.11.2016 to 31.12.2016. It was further observed that, on perusal of cash book submitted by the assessee, the source for the cash deposits in question has been explained out of sale proceeds on 08.11.2019. The Assessing Officer has analyzed cash deposits into bank account during demonetization period with
