ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, GUWAHATI vs. FORTUNE VANIJYA PRIVATE LIMITED, GUWAHATI
In the result both the appeal of the Revenue and the cross objections of the assessee stands partly allowed
ITA 21/GTY/2021[2011-12]Status: DisposedITAT Guwahati10 Dec 2021AY 2011-12
Bench: Shri P.M. Jagtap, Hon’Ble V.P (Kz) & Shri A. T. Varkey, Jm]
Section 132Section 132(4)Section 142(1)Section 153ASection 153CSection 68
4) of the Act had accepted that he had acquired the shares of M/s. Fortune Vanijya Pvt. Ltd. and is one of the Directors of the company.
In view of the observation made above, I am satisfied that the pages 61 to 69 of the bunch of loose sheets having identification mark SST-01 pertain to and the information contained