M/S OREF SECURITIES PRIVATE LTD. ,MANDSAUR vs. INCOME TAX OFFICER, INDORE
In the result, appeal of the assessee is allowed
ITA 70/IND/2018[2013-14]Status: DisposedITAT Indore17 Nov 2021AY 2013-14
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.
For Appellant: Shri S. S. Solanki, CAFor Respondent: Shri Rajib Jain, CIT-DR
Section 133(6)Section 143(3)Section 271(1)Section 56(2)Section 56(2)(vii)Section 56(2)(viib)Section 68
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
