M/S.BHASKAR TRADERS vs. ASST.COMMKNR.OF INCOME TAX,BERHAMPUR
The appeals are dismissed
ITA/174/2018HC Orissa30 Mar 2022
Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK
Section 132Section 153ASection 2(22)(e)Section 68
132 and
ITA 174/2018
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later issued notice under Section 153A of the Act. He contested the
notice and ultimately suffered several adverse orders by way of final
assessment, which resulted in substantial additions. These additions
primarily were on account of (a) alleged unexplained credit-brought
to tax under Section 68, and, (b) the amounts secured