GREENWOOD RESORTS PRIVATE LIMITED,GUWAHATI vs. ACIT, CENTRAL CIRCLE-1, GUWAHATI
In the result, ITA No. 114/GTY/2024 for AY 2017-18 is partly allowed for statistical purposes
ITA 112/GTY/2024[2015-16]Status: DisposedITAT Guwahati29 May 2025AY 2015-16
Bench: Shri Manomohan Das & Shri Rakesh Mishra
Section 153CSection 250Section 36Section 40A(3)Section 68
section as presumed by AO has come into operation from 01-04-2017 whereas transaction relates to earlier year so it does not come within the definition of incriminating material and has no effect on determination of our taxable income.
8. That Sir, it can be looked also from another angle i.e. after initiating the proceeding what has happed