ACIT, CENTRAL CIRCLE-3, PATNA vs. BROADSON COMMODITIES PVT LTD, DHANBAD

In the result, both the appeals of Revenue are dismissed, whereas the Cross Objections filed by the assessee are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2 & 3 relate with the initiation of proceeding u/s 153A. Ground No. 4, 5 & 6 relate with the addition of Rs.1,06,02,895/- on account of unexplained unsecure loan and Rs. 5,50,00,000/- under the head unexplained cash. Ground No. 7 to relate with noncredit of TDS, TCS and self- assessment tax. Ground No. 10-General

ACIT, CENTRAL CIRCLE-3, PATNA vs. BROADSON COMMODITIES PVT LTD, DHANBAD

In the result, both the appeals of Revenue are dismissed, whereas the Cross Objections filed by the assessee are allowed