M/S CENTURY 21 MALLS P. LTD.,INDORE vs. THE ACIT 2(1), INDORE
In the result, all appeals of the Revenue are dismissed, while all appeals of the assessee are allowed
ITA 949/IND/2016[2011-12]Status: DisposedITAT Indore23 Feb 2023AY 2011-12
Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani
For Appellant: Shri S. S. Deshpande, CAFor Respondent: Shri P.K. Mishra, CIT-DR
Section 132Section 143(3)Section 145(3)Section 153ASection 68
income of Rs.15 crores, which would cover the excess of credits in the ‘BM’ account, ‘21B account, and Bhopal Hoshanabad account, which the AO found to be unexplained. However, the ld.AO did not satisfy with the explanation of the assessee stating that integration of all the transactions, i.e. integration of accounts viz. (i)
21b/RSJNRS.DBF, (ii) Bhopal Hoshangabad
