KAUSHIK INDUSTRIES (P) LIMITED,TINSUKIA vs. INCOME TAX OFFICER, WARD-1, TINSUKIA
In the result, appeal of the assessee is allowed
ITA 11/GTY/2022[2011-12]Status: DisposedITAT Guwahati09 Jun 2023AY 2011-12
Bench: Shri Sanjay Garg & Shri Girish Agrawal
For Appellant: Shri Sanjay Mody, FCAFor Respondent: Shri N. T. Sherpa, JCIT
Section 143(3)Section 147Section 147(1)Section 148Section 263
section 147 of the Act.
3.1. In the course of assessment proceedings, Ld. AO called for details and explanation from the assessee in respect of deposit of cash of Rs.9,66,400/- in the bank account. In this respect, assessee submitted that cash deposits were mainly due to sale proceeds of fixed assets of the company during the year. Assessee
