ITO, WARD-2, HANUMANGARH vs. SMT. LALITA SARAF , HANUMANGARH TOWN
In the result, the appeals of the Department are dismissed and the Cross objections of the assessees are allowed
ITA 551/JODH/2018[ 2010-11]Status: DisposedITAT Jodhpur06 May 2019
Bench: Shri N.K. Sainithe Income Tax Officer, Vs Smt. Lalita Saraf, Ward-2, Hanumangarh C/O Mangi Lal Saraf, In Front Of Mandi Studio, Hanumangarh Town
Section 12A
bogus and such purchases were of Rs. 85,18,926/-. He therefore, on the basis of information received, initiated proceedings u/s 147 of the Income Tax Act, 1961 [in short' the Act']. The assessment was framed by the Assessing Officer on 27.3.2014 at an income of Rs. 2,60,150-. Thereafter the Principal CIT, Bikaner exercised his powers