VATSALABAI KARBHARI DEORE,KALWAN vs. INCOME TAX OFFICER, WARD 1(5), NASHIK
In the result, the appeal filed by the assessee is allowed as per terms indicated above
ITA 2274/PUN/2025[2011 - 12]Status: DisposedITAT Pune20 Jan 2026
Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.2274/Pun/2025 Assessment Year : 2011-12
For Appellant: Shri Sanket JoshiFor Respondent: Smt. Sailee Dhole
Section 143(3)Section 147Section 148Section 40Section 68
147 and
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Vatsalabai Karbhari Deore
hence, the notice u/s 148 issued on the basis of change of opinion, may be declared as null and void in law.
3]
The learned CIT(A) erred in confirming the addition u/s 68 of Rs.83,56,232 by taxing the unsecured loans received from three parties as unexplained cash credits without appreciating that
