M/S SUPREMO INDIA LTD ,INDORE vs. THE AIT CENTRAL 3, INDORE
In the result, appeal of assessee is allowed
ITA 29/IND/2023[2019-20]Status: DisposedITAT Indore07 Jun 2023AY 2019-20
Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Supremo India Pvt. Ltd. Acit Central-3 400/2, Halka Patwari No.52 Indore Vs. Badiakeema Dudhiya, B.O. Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Aafcs 9822 C Assessee By Shri S.S. Solanki, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 01.05.2023 Date Of Pronouncement 07.06.2023
Section 115BSection 131(1)Section 133ASection 69ASection 69B
Penalty proceeding u/s 271AAC is also initiated separately.
6. The AO has applied the provision of section 69B of the Act for want of any supporting evidence regarding source of excess stock and nature of income which was not found recorded in the books of account at the time of survey. On appeal the Ld. CIT(A) has confirmed
