MR. NAGRAJ GOPALKRISHNA,PHATTEPUR vs. INCOME-TAX OFFICER, WARD - 1[5], BELAGAVI
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 400/PAN/2018[2013-14]Status: DisposedITAT Panaji22 Jun 2022AY 2013-14
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Sh. A. S. Patil, Tax ConsultantFor Respondent: Sh. Manoj Joshi, CIT, DR
Section 115BSection 143Section 143(2)Section 143(3)Section 250(6)Section 292BSection 69
Reassessment Proceedings which is mandatory and which is not curable mistake. Hence, Order Passed by the Income-Tax Officer and confirmed by the Commissioner [Appeals] is Bad-in-Law requires to be quashed.
2]
The Learned Commissioner [Appeals] is not justified in treating Rs. 17,76,144 on account of excess Stock and Cash found in Survey as deemed income
