ASSTT.COMMISSIONER OF INCOME TAX ,CIRCLE-4, NAGPUR vs. SHRI NANDLAL B MALOO, NAGPUR
In the result, assessee’s cross objection is partly allowed
ITA 311/NAG/2012[2004-05]Status: DisposedITAT Nagpur30 Jun 2017AY 2004-05
Bench: Shri P.K. Bansal & Shri Amarjit Singh
For Appellant: Shri Abhay AgrawalFor Respondent: Shri A.R. Ninawe
Section 147Section 148Section 153A
section 148 of the Act was issued
on 12th May 2008. The Assessing Officer has reopened the assessment
on the ground that investment in shares of IFSL amounting to `
2,75,000, was made in cash and the purported source of such
investment namely withdrawal from M/s Nandlal Enterprises, was not
verifiable with reference to the books of account
