PURNA CHANDRA BISWAL,JAJPUR vs. PRINCIPAL CIT, CUTTACK
In the result, appeal of the assessee is partly allowed
ITA 200/CTK/2018[2013-14]Status: DisposedITAT Cuttack15 Nov 2019AY 2013-14
Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.200/Ctk/2018 (नििाारण वषा / Assessment Year :2013-2014) Sri Purna Chandra Biswal, Vs. Principal Cit, Cuttack Jakhapura, Jajpur-755019 स्थायी लेखा सं./Panno. : Aclpb 1493 P (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. ननधाारिती की ओर से /Assessee By : Shri S.K.Sarangi, Ar िाजस्व की ओर से /Revenue By : Shri S.M.Keshkamat, Citdr
For Appellant: Shri S.K.Sarangi, ARFor Respondent: Shri S.M.Keshkamat, CITDR
Section 143(3)Section 144Section 145Section 145(3)Section 263Section 44ASection 68
purchases similar to the amount of bogus sundry creditors, would be disallowed at the time of computing profit from the assessee’s business.
vii.
As regards the A.R’s contention that when books are rejected, no verification of loans and liabilities can be made, ,the AO would follow the decision of Commissioner of Income Tax v. Devi
Prasad Vishwanath
