M/S BANSAL EXTRACTION & EXPORT P LTD,BHOPAL vs. DCIT,CENTRAL-1, BHOPAL
In the result, the appeal of assessee is dismissed
ITA 164/IND/2022[2011-12]Status: DisposedITAT Indore20 Sept 2023AY 2011-12
Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Bansal Extraction & Dcit Export Pvt. Ltd. Central-1 3Rd Floor Tawa Complex, Bittan Bhopal Vs. Market E-4, Arera Colony, Bhopal (Appellant / Assessee) (Revenue) Pan: Aadcb 7521 M Assessee By Shri Anil Khabya, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 05.09.2023 Date Of Pronouncement 20.09.2023
Section 143(3)Section 153ASection 69B
142A and accordingly unexplained investment so determined was confirmed u/s 69B of the Act.
10.6 The Kerala High Court in the case of Shakti Tourist Homes vs.
CIT-4303 ITR 228), observed that during a search the department noticed creation of an asset in the form of a building constructed by the assessee. The investment was accounted by the assessee
