SHARAD SHAMRAO SAWANT ,SANGLI vs. ASSESTANT COMISSIONER OF INCOME TAX CENTRAL CIRCLE KOLHAPUR, KOLHAPUR
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 2626/PUN/2024[2019-20]Status: DisposedITAT Pune20 Jun 2025AY 2019-20
Bench: Shri Manish Borad & Ms. Astha Chandra
For Appellant: Shri Umeshkumar M. MaliFor Respondent: Shri Manish Mehta
Section 133ASection 143(2)Section 143(3)Section 69A
68,
69, 69A to 69D and levy of higher rate of tax u/s 115BBE, following factors are required to be considered–
Whether nature of income is clearly explained during the survey or during assessment proceedings.
Whether income can be classified under a particular head of income based on nature so as to demonstrate that it is flowing from
