HANISH SINGLA,FARIDABAD vs. ITO WARD - 1(3), FARIDABAD
In the result, I set aside the orders of the authorities below and quashed the reopening of the assessment
ITA 1740/DEL/2019[2008-09]Status: DisposedITAT Delhi14 Jan 2021AY 2008-09
Bench: Shri Bhavnesh Saini
For Appellant: For RevenueFor Respondent: Shri Prakash Dubey, Sr. DR
Section 143(3)Section 147Section 148Section 271BSection 40
section 148 of the I.T. Act,
1961:
During the assessment proceedings, the assessee furnished required details/information alongwith books of accounts. Perusal of the ledger accounts revealed that the assessee had made payment of interest of Rs. 11,13,955/- in the statement of taxable income which was not debited in the profit and loss account. By not claiming expenditure through
