SEWA SAHKARI SAMMITTEE MARYADIT,BEED, MUNDI KHANDWA vs. PCIT-1, INDORE
In the result, appeal by the assesse is allowed
ITA 44/IND/2022[2016-17]Status: DisposedITAT Indore30 Oct 2023AY 2016-17
Bench: Shri Vijay Pal Rao & Shri B.M. Biyanisewa Sahkari Sammittee Pr. Cit-2 Maryadit Beed Indore Vs. Beed Mundi Khandwa (Appellant / Assessee) (Revenue) Pan: Aaufs0703N Assessee By Shri Gagan Tiwari, Ar Revenue By Ms. Simran Bhullar, Cit-Dr Date Of Hearing 05.10.2023 Date Of Pronouncement 30.10.2023
Section 12ASection 138Section 143(3)Section 263
80P and therefore, the cash in hands cannot be considered as income of the assesse. The deeming provisions u/s 68 or 69 can not be invoked in case of assesse society. Once the AO has conducted a due inquiry the commissioner without conducting the inquiry or giving an conclusive finding cannot set aside the order of the AO for fresh