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

In the result, appeal of the assessee is Partly Allowed

Bench: DR.DIPAK P. RIPOTE (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

Demonetization Period. The assessee submitted that it was made out of closing balance of earlier year. The assessee has relied on the decision of Hon’ble Karnataka High Court in PCIT Vs. Basetteppa B Badami [2018] 93 taxmann.com 66 (Karnataka). 7.1 Assessing Officer made addition of Rs.12,07,960/- under section 68

DILIP JUHARMAN JAIN ,RAIGAD vs. ACIT, CIRCLE PANVEL, PANVEL

In the result, appeal of the assessee is allowed