VIJAYA SINGH,PATNA vs. INCOME TAX OFFICER, WARD - 6(1), PATNA, PATNA, BIHAR

In the result, the appeal filed by the assessee is partly allowed

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. No. 519/Pat/2024 Assessment Year: 2018-2019 Vijaya Singh,…………………………...….………Appellant M-55/22A, S.K. Nagar, Patna-800001, Bihar [Pan:Asups6086N] -Vs.- Income Tax Officer,………………………......Respondent Ward-6(1), Patna, Lok Nayak Jay Prakash Bhawan, Dak Bunglow Road, Patna-800001, Bihar

69A as unexplained money and taxed as per section 115BBE, therefore, the ground on this issue was dismissed by the ld. CIT(Appeals). The issue relating to the levy of charging interest is concerned, the ld. CIT(Appeals) was of the opinion that levy of interest is mandatory as per the guidelines of the Hon’ble Supreme Court