PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S HYCRON ELECTRONICS THROUGH ITS PROPRIETOR
ITA/12/2021HC Himachal Pradesh20 Sept 2021
Bench: Hon’Ble Mr. Justice Tarlok Singh Chauhan & Hon’Ble Mr. Justice Satyen Vaidya.
Section 143(3)Section 14ASection 154
41,974/- as income in the ITR filed for the A.Y.
2014-2015. Assessment u/s 143(3) of the Income Tax Act (for
short ‘Act’) was completed on 25.11.2016 and income of the
assessee was assessed at Rs. 11,85,64,020/- by making addition
of Rs.10,22,046/- on account of disallowing 1% of total
assessment
