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ACIT, CENTRAL CIRCLE-1, PATNA, PATNA vs. SUMAN KUMAR, GAYA

Appeal is allowed for statistical purposes

ITA 174/PAT/2023[2020-21]Status: DisposedITAT Patna10 Dec 2024AY 2020-21

Bench: Shri Duvvuru Rl Reddy, Vice- & Shri Sanjay Awasthii.T.A. No.174/Pat/2023 Assessment Year: 2020-21 Acit, Central Circle-1, Patna…..…………………...........................……….……Appellant Vs. Suman Kumar……….…………....……...…………………………………....…..Respondent S/O Late Madan Singh, Vill-Baijnathpur, P.O-Wazir Gangj, Distt- Gaya (Bihar)-805131. [Pan: Arxpk3461F]

Section 132(1)Section 250Section 69A

unexplained credits without appreciating the fact that the assessee failed to establish the identity, creditworthiness and genuineness of the two lenders from whom unsecured loans were claimed to have been taken as the assessee did not furnish confirmation from the alleged lenders and also failed to produce Cash Book to substantiate the cash in hand on 13.02.2020. iii. That

SRIRAM ENTERPRISES,PATNA vs. PCIT (CENTRAL), PATNA

In the result, the appeal of the assessee is allowed