PR. COMMISSIONER OF INCOME TAX vs. M/S HARI NARAIN PARWAL
ITA/90/2020HC Rajasthan21 Feb 2024
Bench: AVNEESH JHINGAN,SHUBHA MEHTA
Section 143Section 143(3)Section 271Section 271(1)Section 271(1)(c)Section 274
gain Rs. 97,02,942/- and long term capital loss
Rs. 350,31,73,044/- was claimed as exempt.
7.
During the assessment proceedings, it was noticed that the
assessee had claimed advances written off under the head “other
expenses” in the P & L and loss from business was primarily due to
this.
8.
Assessment Order under Section
