VIRAMBHAI HARGOVANBHAI PATEL,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, DELHI
In the result appeal of the Revenue is dismissed
ITA 421/NAG/2022[2018-19]Status: DisposedITAT Nagpur14 Aug 2024AY 2018-19
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Bhavesh MoryaniFor Respondent: Shri Abhay Y. Marathe
Section 143(2)Section 143(3)Section 234ASection 56(2)(x)
price, the provisions of sec. 56(2)(x) of the I.T.Act are applicable.
7.5 The Provisions of Section 56(2)(x) reads as under:
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(x) where any person receives, in any previous year, from any person or persons on or after the 1st day of April, 2017:-
(a)any sum of money, without consideration, the aggregate value of which exceeds