HINGANGHAT NAGRI SAHAKARI PAT SANSTHA,HINGANGHAT vs. INCOME TAX OFFICER WARD-1, WARDHA

In the result, appeal by the assessee for A

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

198 ITR 511 (Cal) where the court held that first and second appeal is a continuation of assessment proceedings. 7. That the Appellant would like to rely on the Judgement of Honorable Karnataka High Court Judgment in case of Guttigedarara Credit Co-Operative Society Limited v. Income Tax where the amount which was invested in banks to earn interest

HINGANGHAT NAGRI SAHAKARI PAT SANSTHA,HINGANGHAT vs. INCOME TAX OFFICER WARD-1, WARDHA

In the result, appeal by the assessee for A

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

198 ITR 511 (Cal) where the court held that first and second appeal is a continuation of assessment proceedings. 7. That the Appellant would like to rely on the Judgement of Honorable Karnataka High Court Judgment in case of Guttigedarara Credit Co-Operative Society Limited v. Income Tax where the amount which was invested in banks to earn interest

HINGANGHAT NAGRI SAHAKARI PAT SANSTHA,HINGANGHAT vs. INCOME TAX WARD-1, WARDHA

In the result, appeal by the assessee for A

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

198 ITR 511 (Cal) where the court held that first and second appeal is a continuation of assessment proceedings. 7. That the Appellant would like to rely on the Judgement of Honorable Karnataka High Court Judgment in case of Guttigedarara Credit Co-Operative Society Limited v. Income Tax where the amount which was invested in banks to earn interest

HINGANGHAT NAGRI SAHAKARI PAT SANSTHA,HINGANGHAT vs. INCOME TAX WARD-1, WARDHA

In the result, appeal by the assessee for A

198 ITR 511 (Cal) where the court held that\nfirst and second appeal is a continuation of assessment proceedings.\n7. That the Appellant would like to rely on the Judgement of Honorable\nKarnataka High Court Judgment in case of Guttigedarara Credit Co-Operative\nSociety Limited v. Income Tax where the amount which was invested in banks\nto earn interest

RAVINDRA MADANLAL KHANDELWAL,AKOLA vs. DCIT/ACIT CIRCLE , AKOLA

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

section 68 only sets up a presumption against the assessee whenever unexplained credits are found in the books of account of the assessee. It cannot but be again said that the presumption is rebuttable. In refuting the presumption raised, the initial burden is on the assessee. This burden, which is placed on the assessee, shifts as soon as the assessee