In the result, the appeal of the revenue in ITA
Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia
Trust were utilized for the personal benefits of the trustees as brought out in the Assessment Order. 11. The Id. CIT (Appeals) has erred in not appreciating the fact that the assessee had manipulated the books of account by not reflecting full sale proceeds of immovable properties which itself is in violation of Sections