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307 results for “section 68”+ Business Incomeclear

Sorted by relevance

Mumbai7,442Delhi7,411Kolkata2,118Bangalore2,011Chennai1,717Ahmedabad1,651Jaipur1,271Hyderabad1,141Pune975Chandigarh623Surat613Indore568Karnataka406Cochin378Rajkot365Visakhapatnam324Raipur307Nagpur217Lucknow208Guwahati190Agra188Cuttack182Amritsar164Ranchi116Jodhpur113Patna111Calcutta98Telangana98Panaji86Allahabad84Dehradun62SC60Jabalpur51Varanasi36Rajasthan16Kerala12Orissa8Punjab & Haryana2Gauhati2ASHOK BHAN DALVEER BHANDARI2ANIL R. DAVE SHIVA KIRTI SINGH1Andhra Pradesh1K.S. RADHAKRISHNAN A.K. SIKRI1Tripura1HARJIT SINGH BEDI CHANDRAMAULI KR. PRASAD1Himachal Pradesh1

Key Topics

Section 6891Addition to Income70Section 143(3)50Disallowance46Section 26333Depreciation28Unexplained Cash Credit21Section 143(2)20Section 14A16

INCOME TAX OFFICER- 1(1), BHILAI vs. M/S AVNI COLONIZERS PVT. LTD, BHILAI

In the result, appeal filed by the revenue and cross-objection filed by the assessee are disposed off in terms of our aforesaid observations

ITA 59/RPR/2020[2015-16]Status: DisposedITAT Raipur28 Mar 2023AY 2015-16

Bench: Shri Ravish Sood & Shri G D Padmahshaliआयकर अपील सं./ Ita No.59/Rpr/2020 Co No. 03/Rpr/2020 "नधा"रण वष" / Assessment Year : 2015-16 The Income Tax Officer-1(1), Bhilai (C.G.) .......अपीलाथ" / Appellant बनाम / V/S.

For Appellant: Shri S.R Rao, AdvocateFor Respondent: Shri Piyush Tripathi, Sr. DR
Section 133(6)Section 143(2)Section 143(3)Section 68

business. It is, deemed that the share holder can prepare the balance sheet and/or capital account. However. the share holder has not filed any. Therefore, the share application money and share premium amount Rs.5,18,000/- credited in the books of account as unproved credit and therefore added to total income as income of the previous year u/s 68

Showing 1–20 of 307 · Page 1 of 16

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Section 133(6)15
Section 14814
Section 14414

CHHATTISGARH STATE WAREHOUSING CORPORATION, ,RAIPUR vs. ASSISTANT COMMSSIONER OF INCOME TAX, CIRCLE 1(3), RAIPUR

In the result, appeal of the assessee is allowed in terms of our aforesaid observations

ITA 68/RPR/2019[2014-15]Status: DisposedITAT Raipur22 Dec 2022AY 2014-15

Bench: Shri Ravish Sood & Shri G D Padmahshaliआयकर अपील सं./ Ita No. 68/Rpr/2019 "नधा"रण वष" / Assessment Year : 2014-15 Chhattisgarh State Warehousing Corporation Head Office, Village-Jhanjh, Sector-24, Atal Nagar, Raipur (C.G.) Pan:Aaccc1774E .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax-1(3). Raipur (C.G.) ……""यथ" / Respondent

For Appellant: Shri Abhishek Mahawar, CAFor Respondent: Shri P.K Mishra, CIT-DR
Section 143(2)Section 143(3)Section 263

business income. Considering the aforesaid facts, the A.O vide his order passed u/s.143(3), dated 20.12.2016 after, inter alia, recharacterizing the head of income under which the warehousing receipts were to be brought to tax assessed the income of the assessee at Rs. 68,09,19,820/-. 5 Chhattisgarh State Warehousing Corporation Vs. ACIT, Circle-1(3) 4. Aggrieved

INCOME TAX OFFICER, WARD 4(1), RAIPUR vs. AVIRAL FINANCE PRIVATE LIMITED,, RAIPUR

In the result, appeal of Revenue is partly allowed for statistical purposes

ITA 13/RPR/2021[2017-18]Status: DisposedITAT Raipur22 Sept 2023AY 2017-18

Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं./Ita No.13/Rpr/2021 िनधा"रण वष" /Assessment Year: 2017-18 V. Ito-4(1) Aviral Finance Pvt. Ltd. Raipur Ground Floor, Nalghar Chowk, Raipur – 492 001 [Pan: Aabcg 2701 N] (अपीलाथ"/Appellant) (""यथ"/Respondent) : अपीलाथ" की ओर से/ Appellant By Shri Praveen Khandelwal & Shri Praveen Goyal, Cas ""थ" की ओर से /Respondent By : Smt. Ila M. Parmar, Cit-D.R. सुनवाई क" तार"ख/Date Of Hearing : 13.07.2023 घोषणा क" तार"ख /Date Of Pronouncement : 22.09.2023

For Respondent: Smt. Ila M. Parmar, CIT-D.R
Section 143(3)Section 250(4)Section 68

business of the company is found to be lending of loans and the case of the assessee was selected for scrutiny for the reason that large Share premium received during the year (verify applicability of Section 56(2)(viib) or any other relevant section). During the course of assessment proceedings, Learned AO observed that assessee has issued Rs.1

INCOME TAX OFFICER, WARD 2(1), RAIPUR vs. MESERS ARYAN BUILDERS AND DEVELOPERS PRIVATE LIMITED, RAIPUR

In the result, both appeal of the revenue and cross objection of the assessee stand dismissed in terms of our observations

ITA 201/RPR/2018[2012-13]Status: DisposedITAT Raipur06 Sept 2023AY 2012-13

Bench: SHRI RAVISH SOOD (Judicial Member), SHRI ARUN KHODPIA (Accountant Member)

For Appellant: Shri Ramesh Kumar Singhania, CA, &For Respondent: Shri S.K.Meena, CIT-DR
Section 143(2)Section 250(4)Section 68

Section 68 of the Income Tax Act only on the ground that the parties to whom the share certificates were issued and who had paid the share money had not appeared before the Assessing Officer and the summons could not be served on the addresses given as they were not traced and in respect of some of the parties

HARJINDAR SINGH BAL,DURG vs. INCOME TAX OFFICER, WARD-2(1), BHILAI

The appeal of the assessee is partly allowed in terms of the aforesaid observations

ITA 57/RPR/2020[2010-11]Status: DisposedITAT Raipur26 Dec 2022AY 2010-11

Bench: Shri Ravish Soodआयकर अपील सं./ Ita No. 57/Rpr/2020 "नधा"रण वष" / Assessment Year : 2010-11 Shri Harjindar Singh Bal Ward- No.29, Hospital Colony, Durg (C.G.)-491 001 Pan : Adepb7178F .......अपीलाथ" / Appellant बनाम / V/S. The Income Tax Officer-2(1), Bhilai (C.G.). ……""यथ" / Respondent

For Appellant: Shri Veekaas S Sharma, CAFor Respondent: Shri Ananjay Kumar Tiwary, Sr. DR
Section 147Section 148Section 14ASection 151Section 68

Section 151 of the Income Tax Act, 1961 for initiation of reassessment proceedings was mechanical and granted without application of mind." 2. Succinctly stated, the assessee had filed his return of income for A.Y.2010-11 on 14.10.2010, declaring an income of Rs. 7,01,600/-. On the basis of certain information, viz. (i) that the assessee despite absence of liquid funds

M/S PURVI FINVEST LIMITED,BILASPUR vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(1),, BILASPUR

In the result, appeal of the assessee company being devoid and bereft of any merit is dismissed in terms of our aforesaid observations

ITA 20/RPR/2018[2014-15]Status: DisposedITAT Raipur14 Aug 2023AY 2014-15

Bench: Shri Ravish Sood & Shri Arun Khodpia

For Appellant: Shri Harsh Vijayvargiya, CAFor Respondent: Shri V.K Singh, CIT-DR
Section 131(1)(d)Section 133ASection 143(2)Section 143(3)Section 250Section 68

section 68 of the Income Tax Act. 1961. 5. That the appellant craves leave to add, alter or delete all or any of the grounds of appeal.” 2. Succinctly stated, the assessee company, which is registered as a Non- Banking Financial Corporation (NBFC) and is primarily engaged in the business

CHHATTISGARH STATE POWER GENERATION CO. LTD.,RAIPUR vs. DY. COMMISSIONER OF INCOME TAX-1(1), RAIPUR

In the result, the appeal of the assessee in ITA No

ITA 24/RPR/2022[2018-19]Status: DisposedITAT Raipur15 Jun 2023AY 2018-19

Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita No.16/Rpr/2017 "नधा"रण वष" / Assessment Year : 2009-10 Chhattisgarh State Power Generation Company Ltd. O/O. Executive Director-Finance Ground Floor, Vidyut Seva Bhawan, Daganiya, Raipur-492 001 (C.G.) Pan : Aadcc5772F .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax, Circle-1(2), Raipur (C.G.) ……""यथ" / Respondent आयकर अपील सं. / Ita No.24/Rpr/2022 "नधा"रण वष" / Assessment Year : 2018-19 Chhattisgarh State Power Generation Company Ltd. Ground Floor, Vidyut Seva Bhawan, Daganiya, Raipur-492 001 (C.G.) Pan : Aadcc5772F .......अपीलाथ" / Appellant बनाम / V/S.

For Appellant: Shri R.B Doshi, CAFor Respondent: Shri V.K Singh, CIT-DR
Section 143(2)Section 143(3)Section 32

Section 43B, as amended vide Finance Act, 2003. 4). On the facts and in the circumstances of the case, CIT(A) erred in confirming action of Assessing Officer in making addition of "Interest on IT Refund" of Rs.3,34,68,556/- under the head "Profits & gains of business or profession" in spite of the fact that said income

THE CHHATTISGARH STATE POWER GENERATION COMPANY LIMITED, RAIPUR,RAIPUR (CG) vs. THE ASSTT. COMMISSIONER OF INCOME TAX 1(2),RAIPUR, RAIPUR (CG)

In the result, the appeal of the assessee in ITA No

ITA 16/BIL/2017[2009-10]Status: DisposedITAT Raipur15 Jun 2023AY 2009-10

Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita No.16/Rpr/2017 "नधा"रण वष" / Assessment Year : 2009-10 Chhattisgarh State Power Generation Company Ltd. O/O. Executive Director-Finance Ground Floor, Vidyut Seva Bhawan, Daganiya, Raipur-492 001 (C.G.) Pan : Aadcc5772F .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax, Circle-1(2), Raipur (C.G.) ……""यथ" / Respondent आयकर अपील सं. / Ita No.24/Rpr/2022 "नधा"रण वष" / Assessment Year : 2018-19 Chhattisgarh State Power Generation Company Ltd. Ground Floor, Vidyut Seva Bhawan, Daganiya, Raipur-492 001 (C.G.) Pan : Aadcc5772F .......अपीलाथ" / Appellant बनाम / V/S.

For Appellant: Shri R.B Doshi, CAFor Respondent: Shri V.K Singh, CIT-DR
Section 143(2)Section 143(3)Section 32

Section 43B, as amended vide Finance Act, 2003. 4). On the facts and in the circumstances of the case, CIT(A) erred in confirming action of Assessing Officer in making addition of "Interest on IT Refund" of Rs.3,34,68,556/- under the head "Profits & gains of business or profession" in spite of the fact that said income

NISHA NANWANI, RAIPUR,RAIPUR vs. ITO, WARD 2(1), RAIPUR, RAIPUR

In the result, appeal of the assessee is allowed

ITA 352/RPR/2025[2017-18]Status: DisposedITAT Raipur30 Jul 2025AY 2017-18

Bench: Shri Partha Sarathi Chaudhuryआयकर अपील सं./Ita No.352/Rpr/2025 "नधा"रण वष" /Assessment Year : 2017-18 Nisha Nanwani Shail Villa, Flat No.502, Block-C, Maruti Life Style, Kota-492 001 (C.G.) Pan: Atepn5440L .......अपीलाथ" / Appellant बनाम / V/S. The Income Tax Officer, Ward-2(1), Raipur (C.G.) ……""यथ" / Respondent

For Appellant: Shri Yogesh Warlywani, CAFor Respondent: Dr. Priyanka Patel, Sr. DR
Section 115BSection 69A

business activities. That after considering these submissions the A.O has held as follows: “It is pertinent to mention here that the assessee was not authorized to take/receive demonetized currency during demonetization period on various dates totaling to Rs.8,94,000/-. The assessee has shown an amount of Rs.3,50,000/- as received from pre-demonetization period i.e. on 8/11/2016 which

EAST WEST FINVEST INDIA LIMITED,BILASPUR vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -1(1), BILASPR

In the result, appeal of the assessee company being devoid and bereft of any merit is dismissed in terms of our aforesaid observations

ITA 21/RPR/2018[2014-15]Status: DisposedITAT Raipur14 Aug 2023AY 2014-15

Bench: Shri Ravish Sood & Shri Arun Khodpia

For Appellant: Shri Harsh Vijayvargiya, CAFor Respondent: Shri V.K Singh, CIT-DR
Section 131(1)(d)Section 133ASection 143(2)Section 143(3)Section 250Section 68

section 68 of the Income Tax Act. 1961. 5. That the appellant craves leave to add, alter or delete all or any of the grounds of appeal.” 2. Succinctly stated, the assessee company, which is registered as a Non- Banking Financial Corporation (NBFC) and is primarily engaged in the business

SHRI ASHIT KUMAR DEY,JAGDALPUR vs. INCOME TAX OFFICER, JAGDALPUR

The appeal of the assessee is allowed

ITA 119/RPR/2018[2009-10]Status: DisposedITAT Raipur09 Jun 2022AY 2009-10

Bench: Shri Ravish Sood () & Shri Rathod Kamlesh Jayantbhai (Accountantmember) I.T.A. No. 119/Rpr/2018 (Assessment Year: 2009-10) Shri Ashit Kumar Dey The Income Tax Officer Uttam Kumar Dey, Vs. Aayakar Bhawan, Fish Market, Sanjay Behind Khankar Market,Jagdalpur, Talkies,Civil Lines, Bastar - 494 001 Jagdalpur(C.G.) Pan No. Ajxpd4157D (Assessee) (Revenue) Assessee By : Shri S. R. Rao, Advocate Revenue By : Shri G. N. Singh, D.R Date Of Hearing : 07/06/2022 Date Of Pronouncement: 09/06/2022

For Appellant: Shri S. R. Rao, AdvocateFor Respondent: Shri G. N. Singh, D.R
Section 143(2)Section 144Section 68

business of purchase and sale of fish had filed his return of income for AY 2009-10 on 07.08.2009, declaring an income of Rs.1,50,000/-. Subsequently, the case of the assessee was selected for scrutiny assessment u/s 143(2) of the Act. 3. During the course of the assessment proceedings, it was observed by the AO that cash amounting

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), BHILAI vs. MESERS STEELCO ISPAT PRIVATE LIMITED, BHILAI

In the result, appeal of the revenue is partly allowed for statistical purposes in terms of our aforesaid observations

ITA 88/RPR/2020[2014-15]Status: DisposedITAT Raipur31 Jul 2023AY 2014-15

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं./Ita No.88/Rpr/2020 ("नधा"रण वष" / Assessment Year: 2014-15)

For Appellant: Shri Ravi Agrawal, CAFor Respondent: Shri V.K. Singh, CIT-DR
Section 142(1)Section 143(2)Section 14A

section 14A of the Act provides for disallowances of the expenditure even where taxpayer in a particular year has not earned any exempt income? 6. The order of the Id. CIT(A) is erroneous both in law and on facts. 3 3. Brief facts of the case are that the assessee is a private limited company having income from trading

ADARSH NURSING INSTITUTE PVT LTD., RAIPUR,RAIPUR vs. ITO-4(1), RAIPUR, RAIPUR

In the result, appeal of the assessee is allowed

ITA 534/RPR/2025[2014-15]Status: DisposedITAT Raipur27 Nov 2025AY 2014-15

Bench: Shri Partha Sarathi Chaudhuryआयकर अपील सं./Ita No.534/Rpr/2025 "नधा"रण वष" /Assessment Year : 2014-15 Adarsh Nursing Institute Private Limited Behind Sejbahar, Housing Board Colony, Near Kushabhau Thakre Univeristy, Datrenga, Raipur (C.G.)-492 013 Pan: Aagca6544C

For Appellant: None (Adjournment Petition)For Respondent: Dr. Priyanka Patel, Sr. DR
Section 143(3)Section 68

business of running nursing school and college and filed return of income for A.Y.2014-15 on 06.01.2015 declaring total income of Rs.12,83,980/-. 3 Adarsh Nursing Institute Private Limited Vs. ITO-4(1), Raipur Subsequently, the case of the assessee was selected for scrutiny assessment and the A.O completed the assessment u/s. 143(3) of the Income

M/S TRIMURTHY FINVEST LIMITED,BILASPUR vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(1), BILASPUR

In the result, appeal of the assesse company being devoid and bereft of any merit is dismissed in terms of our aforesaid observations

ITA 19/RPR/2018[2014-15]Status: DisposedITAT Raipur14 Aug 2023AY 2014-15

Bench: Shri Ravish Sood & Shri Arun Khodpia

For Appellant: Shri Harsh Vijayvargiya, CAFor Respondent: Shri V.K Singh, CIT-DR
Section 131(1)(d)Section 133ASection 143(2)Section 143(3)Section 250Section 68

section 68 of the Income Tax Act. 1961. 5. That the appellant craves leave to add, alter or delete all or any of the grounds of appeal." 2. Succinctly stated, the assessee company, which is registered as a Non- Banking Financial Corporation (NBFC) and is primarily engaged in the business

MESERS S R INGOSTS PRIVATE LIMITED ,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, RAIPUR

In the result Revised Ground no 4 of the assessee is partly allowed

ITA 4/RPR/2020[2011-12]Status: DisposedITAT Raipur09 Jun 2023AY 2011-12

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं./Ita No.04/Rpr/2020 (Assessment Year: 2011-2012) M/S S R Ingots Pvt. Ltd., Vs Acit, Cc-1, Raipur House No.16, Opp.Cg Gramin Bank, Choubey Colony, Raipur Pan No. :Aaics 5559 D (अपीलाथ" /Appellant) .. (""यथ" / Respondent) "नधा"रती क" ओर से /Assessee By : Shri Ajoy Kumar Singh & Smt. Surbhi Jain, Ars राज"व क" ओर से /Revenue By : Smt. Ila M. Parmar, Cit-Dr सुनवाई क" तार"ख / Date Of Hearing : 12/04/2023 घोषणा क" तार"ख/Date Of Pronouncement : 09/06/2023 आदेश / O R D E R Per Arun Khodpia, Am :

For Appellant: Shri Ajoy Kumar Singh & Smt. Surbhi JainFor Respondent: Smt. Ila M. Parmar, CIT-DR
Section 132Section 147Section 148Section 153ASection 68

section 68 of the Act and as such no fault can be found with the order of the Tribunal which has endorsed the decision of the CIT(A)." 13 ii. In CIT v. Parameshwr Bohra 301 ITR 404 (Rajasthan) it was held in para (5) of the order: ‘(5) On the merit of the additions made in the income

INCOME TAX OFFICER, WARD-1(1), BILASPUR vs. M/S JAYEM HOLDING PVT. LTD., BILASPUR

In the result, appeal filed by the department in ITA no

ITA 93/RPR/2018[2014-15]Status: DisposedITAT Raipur29 Nov 2023AY 2014-15

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am

For Appellant: Shri G.S. Agrawal, CAFor Respondent: Shri S.K. Meena, CIT-DR
Section 143(3)Section 68

income of the assessee company for the AY 2014-15 applying the provisions of section 68 of the Act. 7. At the outset Ld. AR on behalf of the assessee has submitted that the assessee has received share capital from two companies namely M/s Third Eye Vinimay Pvt. Ltd. for Rs. 4,84,50,000/- and M/s Moonshine Mercantile

ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE- 1(1), BHILAI vs. SHRI NITIN SANKHLA, DURG

In the result, grounds no 2 to 7 on this single issue of the appeal of the revenue are dismissed

ITA 98/RPR/2020[2017-18]Status: DisposedITAT Raipur08 Jun 2023AY 2017-18

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अपील सं./Ita No.98/Rpr/2020 (Assessment Year: 2017-18) Asstt. Commissioner Of Income Tax- Vs Shri Nitin Sankhla 1(1), Bhilai 1St Floor, Navkar Bullion, Above Navin Jeweller, Jawahar Chowk, Durg Pan No. :Bbups 4874 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. : Shri Ravi Agarwal, Ca "नधा"रती क" ओर से /Assessee By राज"व क" ओर से /Revenue By : Shri Ila M. Parmar, Cit- Dr सुनवाई क" तार"ख / Date Of Hearing : 02/06/2023 घोषणा क" तार"ख/Date Of Pronouncement : 08/06/2023 आदेश / O R D E R Per Arun Khodpia, Am :

For Respondent: Shri Ila M. Parmar, CIT- DR
Section 129Section 133(6)Section 142(1)Section 143(2)Section 68

Section 68, relies on SC ruling in Apex Labs to reject Assessee's submission that even though the transactions are held illegal by the Revenue only the income can be taxed under the Act which does not differentiate between legal and illegal incomes; Also holds that demonetised currency was received by the Assessee and was wrongfully deposited with the bank

THE GRAMIN SEVA SAHAKARI SAMITI MARYADIT,RAIPUR (CG) vs. THE INCOME TAX OFFICER 1(3), RAIPUR (CG)

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 31/BIL/2016[2011-12]Status: DisposedITAT Raipur22 Oct 2018AY 2011-12

Bench: Shri R.K. Panda & Ms Suchitra Kambleassessment Year: 2011-12 Gramin Seva Sahakari Samiti Maryadit, Vs. Income Tax Officer 1(3), Vill. Mohda Tilda, Aaykar Bhavan, Raipur, Civil Lines, Raipur (Cg). Raipur, Pan: Aaaag9755H Raipur (Cg).

For Appellant: Shri G.S. Agrawal, CAFor Respondent: Shri P.K. Mishra, CIT, DR
Section 28Section 56Section 80Section 80PSection 80P(2)(a)

68,505/- Interest on deposits : Rs.13,06,258/- Interest on Rakshit Nidhi : Rs. 11,768/-“ 4. He observed that the assessee has claimed the entire income of cooperative society from banking business as deductible u/s 80P(2)(a)(i) of the IT Act, 1961. Since the assessee is carrying on the business of banking and providing credit facilities

INCOME TAX OFFICER, WARD-1(4), RAIPUR vs. MESERS G P INFRAVENTURES, RAIPUR

The appeal of the department stands disposed off

ITA 76/RPR/2020[2015-16]Status: DisposedITAT Raipur23 Nov 2023AY 2015-16

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am (Ita No.76/Rpr/2020) (Assessment Year: 2015-16) Income Tax Officer Ward-1(4), V M/S G.P. Infraventures, 1St Floor, Aayakar Bhavan, S Shree Tower, Shankar Nagar, Central Revenue Building, Raipur (C.G.) Civil Lines, Raipur (C.G.) Pan: Aanfg6074B (अपीलाथ" /Applicant) : (""यथ" / Respondent) (Ita No.94/Rpr/2020) (Assessment Year: 2015-16) M/S G.P. Infraventures, V Income Tax Officer-1(4), Shree Tower, Shankar Nagar, S Raipur Raipur (C.G.) Pan: Aanfg6074B (अपीलाथ" /Applicant) (""यथ" / Respondent) : िनधा"रती क" ओर से /Assessee By : Shri Sunil Kumar Agarwal, Ca राज"व क" ओर से /Revenue By : Smt. Ila M. Parmar, Cit-Dr सुनवाई क" तार"ख / Date Of Hearing : 10.10.2023 घोषणा क" तार"ख / Date Of : 23.11.2023 7Pronouncement

For Appellant: Shri Sunil Kumar Agarwal, CAFor Respondent: Smt. Ila M. Parmar, CIT-DR
Section 143(3)Section 40ASection 40A(3)Section 68

business, class, income etc. residence can mean permanent residence as well as current or temporary residence of some permanence”, such explanations by the Ld. AO itself proves that no order u/s 127 was issued by Ld. Principal Commissioner of Income Tax (PCIT). 19 ITA 76 & 94/RPR/2020 G.P. Infraventures 11. To understand the requirement of issuance of order

M/S. G.P. INFRAVENTURES ,RAIPUR vs. INCOME TAX OFFICER-1(4), RAIPUR

The appeal of the department stands disposed off

ITA 94/RPR/2020[2015-16]Status: DisposedITAT Raipur23 Nov 2023AY 2015-16

Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am (Ita No.76/Rpr/2020) (Assessment Year: 2015-16) Income Tax Officer Ward-1(4), V M/S G.P. Infraventures, 1St Floor, Aayakar Bhavan, S Shree Tower, Shankar Nagar, Central Revenue Building, Raipur (C.G.) Civil Lines, Raipur (C.G.) Pan: Aanfg6074B (अपीलाथ" /Applicant) : (""यथ" / Respondent) (Ita No.94/Rpr/2020) (Assessment Year: 2015-16) M/S G.P. Infraventures, V Income Tax Officer-1(4), Shree Tower, Shankar Nagar, S Raipur Raipur (C.G.) Pan: Aanfg6074B (अपीलाथ" /Applicant) (""यथ" / Respondent) : िनधा"रती क" ओर से /Assessee By : Shri Sunil Kumar Agarwal, Ca राज"व क" ओर से /Revenue By : Smt. Ila M. Parmar, Cit-Dr सुनवाई क" तार"ख / Date Of Hearing : 10.10.2023 घोषणा क" तार"ख / Date Of : 23.11.2023 7Pronouncement

For Appellant: Shri Sunil Kumar Agarwal, CAFor Respondent: Smt. Ila M. Parmar, CIT-DR
Section 143(3)Section 40ASection 40A(3)Section 68

business, class, income etc. residence can mean permanent residence as well as current or temporary residence of some permanence”, such explanations by the Ld. AO itself proves that no order u/s 127 was issued by Ld. Principal Commissioner of Income Tax (PCIT). 19 ITA 76 & 94/RPR/2020 G.P. Infraventures 11. To understand the requirement of issuance of order