JAYGANGA EXIM INDIA PRIVATE LIMITED ,INDORE vs. DCIT CENTRAL CIRCLE -2, BHOPAL
In the result, all the appeals of the assessee before us are allowed for statistical purposes
ITA 580/IND/2025[2016-17]Status: DisposedITAT Indore19 Jan 2026AY 2016-17
Bench: Shri Siddhartha Nautiyal & Shri Bhagirath Mal Biyani
For Appellant: Shri Harsh Vijaywargiya, C.AFor Respondent: Date of Hearing
Section 142(1)Section 144Section 147Section 69
234D of the Act was also charged.
7. Aggrieved by the assessment order, the assessee filed an appeal before the learned Commissioner of Income-tax (Appeals). With respect to Grounds relating to the addition of ₹37,74,25,800/- on account of unexplained investment/share application money pending allotment, the learned CIT(A) noted that despite issuance of several notices both