M/S MGM TRADELINK PVT. LTD.,,GANDHIDHAM vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX, GANDHIDHAM CIRCLE,, GANDHIDHAM
In the result, the appeal of the assessee is partly allowed
ITA 974/RJT/2010[2005-06]Status: DisposedITAT Rajkot12 Mar 2019AY 2005-06
Bench: Shri Mahavir Prasad & Shri Waseem Ahmedआयकर अपील सं./Ita No. 974/Rjt/2010 िनधा"रण वष"/Asstt. Year: 2005-2006
For Appellant: Shri Vimal Desai, A.RFor Respondent: Shri Praveen Verma, Sr. DR
Section 143(3)Section 14A(3)Section 40A(3)
14A(3) of the Act. The 'Ld.CIT(A) has erred in confirming the same.
3. The ''Ld.AO has erred in law as well as on facts in making disallowance of Rs.12,67,684/- on account of inflation in purchase price. The ''Ld.CIT(A) has erred in disallowed entire purchasing of Rs1,26,76,848/- thus enhancing the disallowance the disallowance