SURESH CHAND GUPTA,GANDHIDHAM vs. PR. CIT, RAJKOT-1, RAJKOT
In the result, the appeal of the assessee is allowed
ITA 43/RJT/2022[2017-18]Status: DisposedITAT Rajkot28 Sept 2022AY 2017-18
Bench: The Hearing Of Appeal.”
For Appellant: Shri Mehul Ranpura, A.RFor Respondent: Shri Sanjeev Jain, CIT-D.R
Section 10Section 143(3)Section 14ASection 263Section 57
Section 57(iii) of Income Tax Act, 1961. 14. In response to the aforesaid notices, the assessee filed reply on 02-02-
2019 and another reply was filed by the assessee on 22.07.2019 in response to the afore-said notices. As regards the issue of payment of interest on borrowings and receipt on advances, we observe that the assessee vide
