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In the result, the appeal of the assessee is partly allowed for statistical purposes
Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am Asst. Commissioner Of Income Tax, Raj Construction Circle – 1(1), C/O Mahadev Ghosh, Bhagalpur, Advocate Vs. Bf-199, Salt Lake City, R.N. Plaza, R.B.S.S Kolkata-700064 Sahay Road, Bhagalpur, Bihar- 812001 (Appellant) (Respondent) Pan No. Aajfr6306F Assessee By : Shri Mahadev Ghosh, Ar Revenue By : Shri Ashwani Kumar, Dr Date Of Hearing: 20.08.2024 Date Of Pronouncement: 29.08.2024
68 of the Act. We note that the assessee is a partnership firm engaged in construction/ contract business. Income of ₹50,07,820/- declared in the return for A.Y. 2015-16 furnished on 27th March, 2016. After the case being selected for limited scrutiny through Computer Assisted Scrutiny Selection (CASS) followed by validly serving notices under Section