M/S OREF SECURITIES PRIVATE LTD. ,MANDSAUR vs. INCOME TAX OFFICER, INDORE

In the result, appeal of the assessee is allowed

Bench: Shri Manish Borad & Ms.Madhumita Royआयकर अपील सं./ Ita No.70/Ind/2018 "नधा"रण वष"/Asstt. Year: 2013-14 Vs. Ito, Mandsaur. M/S.Oref Securities P.Ltd. 69, Agrasen Nagar B/H. Mid India Mandsaur.

section 56(2)(viib) of the Income Tax Act, 1961. 5.22 As per above discussion, the addition u/s 68 is coming to Rs. 11,77,50,000/- and addition u/s. 56(2)(viib) is coming to Rs. 11,49,18,112/- only. As double addition cannot be made, therefore addition u/s 68 as discussed above

KALPANA NARWARE,BETUL vs. INCOME TAX OFFICER, BETUL

Appeal is allowed for statistical purpose

112\ndays and therefore time-barred. Ld. AR for assessee submitted that the\nassessee is a lady who was having pregnancy at the relevant time and hence\nthere occurred delay in filing present appeal. The assessee has also placed\nbefore bench the copies of medical reports. In view of this situation, Ld. DR\nfor revenue does not have any objection