M/S. MFAR HOLDINGS PVT LTD vs. THE DEPUTY COMMISSIONER OF INCOME TAX

The appeals are allowed in part setting aside

Bench: B M SHYAM PRASAD,T.M.NADAF

144(3) of the Income Tax Act, 1961 [for short, 'the IT Act'] resulting in certain disallowances vide the assessment order dated 30.12.2008. A search is conducted in the premises of a third person on 20.02.2009 resulting in the proceedings under Section 153C read with Section 143(3) of the IT Act and culminating in the assessment order dated

ADITHYA BIZORP SOLUTIONS INDIA PVT LTD vs. UNION OF INDIA