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

153C should be initiated in this case, the Ld.CIT(A) has totally failed to appreciate the fact that the Warrant of Authorisation U/s 132 of the I.T. Act, 1961 was issued in the names of Shri Subhash Prasad Yadav, Smt. Lalti Devi, M/s Bansidhar Construction Pvt. Ltd., Mor Mukut Marketing Pvt. Ltd., M/s Broadson Commodities Pvt. Ltd. & Radhararaman Construction

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