NEW SUMERPUR GOLDEN TRANSPORT,KANPUR vs. INCOME TAX OFFICER-2(3), KANPUR
In the result, the appeal of the assessee is allowed
ITA 579/LKW/2017[2010-11]Status: DisposedITAT Lucknow22 Feb 2019AY 2010-11
Bench: Shri. A. D. Jainassessment Year: 2010-11 New Sumerpur Golden Transport V. Income Tax Officer 2(3) 76/164, Halsey Road Kanpur Kanpur Tan/Pan:Aagfn4235L (Appellant) (Respondent) Appellant By: Shri Rakesh Garg, Advocate Respondent By: Shri C. K. Singh, D.R. Date Of Hearing: 19 02 2019 Date Of Pronouncement: 22 02 2019
For Appellant: Shri Rakesh Garg, AdvocateFor Respondent: Shri C. K. Singh, D.R
Section 143(1)Section 143(3)Section 147Section 148Section 40A(3)
reassessment requires to be quashed.
5. On the other hand, the ld. D.R. has placed strong reliance on the impugned order. It has been contended that as correctly observed by the Assessing Officer on the basis of his reasons to believe escapement of income, since he found that the assessee had made payment in cash for Diesel expenses
