SHRI RIYAZULHAQ F PATHAN,BELGAVI vs. INCOME TAX OFFICER, WARD - 1, NIPPANI
The appeal is ALLOWED
ITA 21/PAN/2019[2015-16]Status: DisposedITAT Panaji12 Jul 2023AY 2015-16
Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपील सं. / Ita No. 21/Pan/2019 धििाारण वर्ा / Assessment Year : 2015-16 Shri Riyazulhaq F Pathan, Near Central Excise Quarter, Nipani Tq. Chikodi, Belagavi -591237 Pan:Ahdpp8150A . . . . . . . अपीलाथी / Appellant बिाम / V/S. Income Tax Officer, Ward-1, Nipani . . . . . . .प्रत्यथी / Respondent द्वारा / Appearances Assessee By : None Revenue By : Shri N. Shrikanth सुनवाई की तारीख / Date Of Conclusive Hearing : 10/07/2023 घोषणा की तारीख / Date Of Pronouncement : 12/07/2023 आदेश / Order Per G. D. Padmahshali, Am; The Appeal Is Directed Against The Order Of The Commissioner Of Income Tax (Appeals), Belagavi [‘Cit(A)’ In Short] Dt. 30/10/2018 Passed U/S 250 Of The Income-Tax Act, 1961 [‘The Act’ In Short] Which In Turn Ascended Out Of The Assessment Order Dt. 28/12/2017 Passed U/S 143(3) Of The Act By The Income Tax Officer, Ward-1, Nipani [‘Ao’ In Short].
For Appellant: NoneFor Respondent: Shri N. Shrikanth
Section 115BSection 133ASection 143(3)Section 250Section 250(6)Section 69Section 69A
133A of the Act. Subjecting the case to scrutiny, the Ld.
AO framed an assessment u/s 143(3) of the Act by bringing to tax an excess cash of ₹6,70,475/- u/s 69A r.w.s. 155BBE and excess stock of ₹68,35,590/- u/s 69
r.w.s. 115BBE of the Act.
4. Challenging the application of provisions of section 115BBE
