In the result, ITA No. 114/GTY/2024 for AY 2017-18 is partly allowed for statistical purposes
Bench: Shri Manomohan Das & Shri Rakesh Mishra
270A of the Income tax Act, 1961 for under reporting income/ misreporting income is being initiated separately. [(i) Depreciation disallowed Rs.1,74,905/- & (ii) Addition Rs.17,49,055/-] 3.2 On verification of audited Audit accounts, it is seen that the assessee debited Rs.41,000/- as sundry subscription. In response to notice assessee furnished ledger of "Sundry Subscription which is examined