BMS TRADEWINGS PVT. LTD., JAGDALPUR,JAGDALPUR vs. ACIT-1(1), RAIPUR, RAIPUR

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

Bench: Shri Partha Sarathi Chaudhury, Jm & Shri Arun Khodpia, Am आयकर अपील सं. / Ita No: 539/Rpr/2024 (िनधा"रण वष"Assessment Year: 2017-18)

68 by adding back the said amount as unexplained cash credit under garb of unsecured loan received by the assessee sourced out of cash deposits by the respective lenders. With aforesaid observations and additions assessment was completed, determining assessed income of assessee at Rs 1,27,02,975/- 4. Aggrieved with the aforesaid addition, assessee preferred an appeal before