M/S. SHREE SAI ENTERPRISES,BHUBANESWAR vs. ADDL. CIT, RANGE-4, BHUBANESWAR
In the result, appeal of the assessee is allowed
ITA 290/CTK/2018[2014-15]Status: DisposedITAT Cuttack23 Aug 2019AY 2014-15
Bench: Shri Chandra Mohan Gargassessment Year: 2014-2015
For Appellant: Shri N.R.BiswalFor Respondent: Shri Subhendu Dutta, DR
Section 156Section 269SSection 271D
u/s. 143(2) & 142(1) of the Act
were issued to the assessee. In response to the same, Id. AR appeared and
case of the assessee was discussed. Thereafter the AO completed the
assessment making various additions. The Assessing Officer noticed that
the assessee has accepted cash loan amounting to Rs.9,74,499/- from
various person in violation of provisions