Bench: Shri Bhagirath Mal Biyani & Shri Paresh M Joshimember Assessment Year: 2014-15 Shanvaj Hussain, Income Tax Officer, 5, New Sabji Mandi, Khargone बनाम/ Khargone Vs. (Assessee/Appellant) (Revenue/Respondent) Pan: Afkph8029P Assessee By Shri S.N. Agrawal, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 10.03.2025 Date Of Pronouncement 11.03.2025
Section 44AB of the Act. In the present case the amount of commission received is only Rs.7.5 lakhs which is much below the prescribed limit of the required for audit. Once board has advised the said circular is binding on revenue then Revenue cannot contend otherwise. 3.2 The Ld. AR also contended that reassessment proceedings u/s 147/148 after original assessment