VISHAL BUILDERS, RAIPUR,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3(1), RAIPUR, RAIPUR

Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita No.263/Rpr/2023 "नधा"रण वष" / Assessment Year : 2013-14 Vishal Builders 7/619, Gawri Bhawan, Fafadih Naka, Raipur-492001(C.G.) Pan : Aaefv1401G .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax, Circle 3(1), Raipur, C.G.

133A in FY 14-15 relevant to AY 15-16 and stock difference was found. During survey stock difference of Rs 3,04,15,5081- was surrendered as additional income in the form of undisclosed profit. Since assessee could not produce all vouchers and muster roll books were rejected. It is well known fact that suppression of income is prevalent

SHRI SHRI SHIV SHANKAR AGRAWAL,KORBA(CG) vs. THE INCOME TAX OFFICER-1, KORBA(CG)

In the result appeal of the assessee is partly allowed for statistical purposes, in terms of our observations herein above

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am (Ita No. 270/Rpr/2016) (Assessment Year: 2008-09)

133A of I.T. Act, which was conducted by the department on 03.03.2008 and in final statements of the assessee were recorded during the survey. The assessee has offered the excess cash of Rs. 2,24,243/- and excess stock of Rs. 6,27,335/-, as both had been found out of books of accounts. It was accepted by the assessee