DY.COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1, AURANGBAD, AURANGBAD vs. SANJAY SUGANCHAND KASLIWAL, AURANGABAD

In the result, the appeal filed by the Revenue is dismissed\nand the Cross Objection filed by the assessee is partly allowed as\nper terms indicated above

properties. The addition is, therefore, deleted. Thus, the\nOriginal Grounds No. 1 to 3 raised by the appellant are allowed.”\n29. Now after perusal of the above finding of the 1d.CIT(A), we\nwould first like to go through the provisions of section 69D of\nthe Act which reads as under :\n\"Amount borrowed or repaid on hundi.\n69D. Where

NILESH POPATLAL GADA,PUNE vs. INCOME TAX OFFICER WARD 2(4) , PUNE

In the result, appeal of the assessee is Partly Allowed