DCIT, CENTRAL CIRCLE-1, GUWAHATI, GUWAHATI vs. BRAHMAPUTRA FINLEASE PRIVATE LIMITED, NEW DELHI
In the result, appeal filed by the revenue is dismissed and the cross- objection filed by the Assessee is Partly Allowed
ITA 110/GTY/2023[2018-19]Status: DisposedITAT Guwahati28 Jan 2025AY 2018-19
Bench: Shri Manomohan Das, Hon’Ble & Shri Rakesh Mishra, Hon’Ble
For Appellant: Shri Vivek Malhotra, FCAFor Respondent: Soumendu Sekhar Das, JCIT
Section 132Section 143(2)Section 153CSection 250Section 68
unexplained cash credit u/s 68 of the Income Tax Act, by not considering the fact that during the Page 1 of 14
ITA No. 110 / GTY / 2023 & CO 01/GTY/2024
DCIT, Central Circle – 1, Guwahati – Vs- Brahmaputra Finlease Pvt. Ltd.
AY: 2018-19
assessment proceedings the assessee has failed to explain the source of transactions mentioned in the incriminating material seized
