INCOME TAX OFFICER INDORE 5(1), INDORE vs. UMANG DEVELOPERS, INDORE

Appeals are dismissed

penny stock company and\ninvolved in providing entries to its beneficiaries.\n2. On the facts and circumstances of the case, Ld. CIT(A) erred in deleting the\naddition of Rs.1,81,33,897/- u/s 68 as bogus sundry creditors on the basis\nof remand report submitted by the AO. Ld. CIT(A) ignored that the issue\nrequired proper verification

BABITA CHELAWAT,INDORE vs. DCIT/ACIT 1(1), INDORE, INDORE

The appeal of the assessee is allowed & the impugned order is set aside

Bench: Shri B.M. Biyani & Shri Paresh M Joshi

penny stock transactions and SLP was also dismissed by Hon'ble Supreme Court in the above matter. Hence, the ground of appeal is without any merit and hence the same is dismissed. 8.6 Vide Ground No. 8, the appellant has submitted that Ld. AO erred by not serving the order for rectification request made by the assessee for mistake apparent