ACIT-CENTRAL CIRCLE -2(1), NAGPUR vs. SHRI NANDKUMAR KHATTUMAL HARCHANDANI , NAGPUR

173 of the Paper Book. The learned assessing officer has relied on the judgments which were not related to the fact of case of the assessee and addition made U/s. 68 as unexplained cash credit as per plain reading of aforesaid provision of section

VIDHARBHA KONKAN GRAMIN BANK ,NAGPUR vs. INCOME TAX OFFICER WARD 1(5) , NAGPUR

In the result, appeal filed by the assessee for A

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

68,07,020/- made by the AO is found to be correct and the contention of the appellant in this context is rejected. Ground no. 3 is confirmed. 9.0 In the 4th Ground of appeal, the AO has observed that the appellant has claimed the deduction of Rs.2,77,22,160/- on account of recovery in respect of bad debts

VIDHARBHA KONKAN GRAMIN BANK ,NAGPUR vs. INCOME TAX OFFICER WARD 1(5) , NAGPUR

In the result, appeal filed by the assessee for A

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

68,07,020/- made by the AO is found to be correct and the contention of the appellant in this context is rejected. Ground no. 3 is confirmed. 9.0 In the 4th Ground of appeal, the AO has observed that the appellant has claimed the deduction of Rs.2,77,22,160/- on account of recovery in respect of bad debts