AGARWAL INDUSTRIES PRIVATE LIMITED ,HYDERABAD vs. INCOME TAX OFFICER, WARD-1(2), HYDERABAD
In the result, appeal filed by the assessee is partly allowed for statistical purposes
ITA 812/HYD/2019[2014-15]Status: DisposedITAT Hyderabad22 Mar 2024AY 2014-15
Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar
For Appellant: Shri Sunil Kumar Jain, CAFor Respondent: Smt. K. Haritha, CIT(DR) and Smt. Sheetal Sarin, DR
Section 37Section 37(1)
disallowance under section 80M of the Act on the presumption that when the funds available to the assessee were both