SHRI DIGPAL JAISWAL,KATNI vs. PRINCIPAL COMMISSIONER OF INCOME TAX-2, JABALPUR
In the result appeal of the assessee is allowed
ITA 83/JAB/2019[2011-12]Status: DisposedITAT Jabalpur30 Nov 2023AY 2011-12
Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us
For Appellant: Sh. K P Dewani, AdvFor Respondent: Sh. Shravan Kumar Gotru, CIT-DR
Section 1Section 142(1)Section 143Section 143(3)Section 148Section 263Section 271(1)(b)Section 40
40(a)(ia) of I.T. Act 1961 for interest paid.
Thus there is no escapement of income.
Reassessment was framed after examining the submission of assessee. Finding is recorded at para 3 of reassessment order that there is no claim for interest payment in Profit & Loss
Account. Thus there remain no escapement of income in terms of reasons recorded. Reassessment
