MOHAN KUMAR AGARWAL ,HOWRAH vs. ITO, WARD - 46(1), KOLKATA , KOLKATA
In the result, appeal of the assessee is allowed
ITA 1750/KOL/2018[2012-13]Status: DisposedITAT Kolkata08 May 2019AY 2012-13
Bench: Sri J. Sudhakar Reddy] I.T.A. No. 1750/Kol/2018 Assessment Year: 2012-13 Mohan Kumar Agarwal....……………………………………....………………..…………………….….Appellant 106, Girish Ghosh Road Belurmath Howrah – 711 202 [Pan : Adxpa 0183 G] Income Tax Officer, Ward -46(1), Kolkata…...........................................................…...Respondent Appearances By: Shri A.K. Tibrewal, Fca, Appeared On Behalf Of The Assessee. Shri C.J. Singh, Jcit Sr. D/R, Appearing On Behalf Of The Revenue.
Section 143(1)Section 143(3)Section 250Section 44ASection 68Section 69C
Bogus unsecured loan.
e) Under valuation of closing stock.
2.1. The assessee carried the matter in appeal. Before the ld. CIT(A), the assessee contended that when he had opted to declare income under the provisions of Section 44AD of the Act, no separate additions can be made by the Assessing Officer on such estimated profits
