AJAY KUMAR KESHAN,BETTIAH vs. DC/AC, CIRCLE-1, MUZAFFARPUR
In the result, the appeal filed by the assessee is allowed
ITA 3/PAT/2023[2017-18]Status: DisposedITAT Patna30 Dec 2024AY 2017-18
Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. No. 3/Pat/2023 Assessment Year: 2017-2018 Ajay Kumar Keshan,.……………………………Appellant M/S. Abhijeet Service Station, Sowa Babu Chowk, Lal Bazar Bettiah, West Champaran-845438, Bihar [Pan:Abapk5421A] -Vs.- Deputy Commissioner /Assistant Commissioner,......................Respondent Circle-1, Muzaffarpur-842002, Bihar Appearances By: Shri Vineet Jalan, Ca & Shri Rajaram Choudhury, Ca, Advocate, Appeared On Behalf Of The Assessee Shri Ashwani Kr. Singal, Jcit, Appeared On Behalf Of The Revenue Date Of Concluding The Hearing: November 28, 2024 Date Of Pronouncing The Order: December 30, 2024 O R D E R
Section 143(2)Section 68Section 69
section 68 has no legs to stand. The assessee also relied on various decisions of the Coordinate Bench of this Tribunal, wherein all the Benches of the Tribunal are opined the same view. Therefore, I have no hesitation to come to the conclusion that the assessee has explained his source of cash deposits and also ld. Assessing Officer