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Section 69C4 Section 271(1)(c)3

SHIV SHRADDHA DEVELOPER,NAVI MUMBAI vs. ACIT, CIRCLE -3 KALYAN , KALYAN

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

ITA 944/PUN/2023[2010-11]Status: DisposedITAT Pune07 Jun 2024AY 2010-11

Bench: Shri Inturi Rama Rao & Ms. Astha Chandraआयकर अपील सं. / Ita No.944/Pun/2023 "नधा"रण वष" Assessment Year : 2010-11

For Appellant: Shri Pramod Kumar ParidaFor Respondent: Shri Sourabh Nayak

Section 143(3)Section 271(1)(c)Section 69C

bogus purchases. Therefore, we doubt the correctness of the invocation of provisions of section 69C of the Act. In any event, the law is very well settled that the finding recorded by the AO are relevant evidences to support the allegation of this concealment but this cannot be the foundation for holding guilty of concealment. The fiction created u/s.69C itself