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2 results for “house property”+ Demonetizationclear

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Key Topics

Section 143(3)2Section 143(2)2Section 69A2Cash Deposit2Deduction2Addition to Income2

ASST COMMISSIONER OF INCOME TAX, BIKANER vs. MUKESH SHAH, SRIGANGANAGAR

In the result, the appeal of the revenue is dismissed

ITA 399/JODH/2023[2017-18]Status: DisposedITAT Jodhpur08 Jan 2025AY 2017-18

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 24

demonetization when the assessee has not been able to justify the reason for accumulation of cash from July, 16 to Nov., 16 as the cash purchase of property was prohibited by law w.e.f. 01.06.2015. 2. Whether on the facts and in the circumstances of the case the Ld. CIT(A)was justified in not treating the sale transaction of property

SMT KRISHNA AGARWAL ,PALI vs. ITO WARD-1, PALI, PALI

In the result, the appeal filed by the assessee is allowed

ITA 53/JODH/2021[2017-18]Status: DisposedITAT Jodhpur07 Sept 2021AY 2017-18
For Appellant: Shri Rajendra Jain (C.A.)For Respondent: Miss Kajal Singh (JCIT) a
Section 143(2)Section 143(3)Section 69A

property. Therefore, the real colour/ true character of the transactions as discussed hereinabove which are supported form legal and valid documentary evidences which were overlooked by the AO, in arbitrary manner are illegal and unsustainable in eye of law. 8. It was submitted that admittedly the source of cash deposits in bank account had been explained with legal and valid