SPANDANA SPHOORTY FINANCIAL LIMITED,HYDERABAD vs. ACIT., CIRCLE 3(2), HYDERABAD

Accordingly, the addition of Rs.11,44,51,818/- (supra) made by the\nAO, which, thereafter, had been sustained by the CIT(A), is vacated.\nThe Grounds of appeal Nos.3.1 to 3.4 are allowed in terms o...

2 of the appeal is directed against the addition of\nRs.56,41,00,000/- made under section 69A of the Act by the AO vide assessment\norder dated 31.12.2019. In its ground of appeal, the appellant has stated that the\nassessing officer is not justified in making the addition of towards acceptance of\nSBN during demonetization period

UNION BANK OF INDIA (ERSTWHILE-ANDHRA BANK),MUMBAI vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(1), HYDERABAD

In the result, the appeal of revenue is partly allowed for statistical purposes