SHRI KALPESH MAHIDAS MARADIA,RAJKOT vs. ADDL. C.I.T., RANGE-1(1) & 1(2), RAJKOT
In the result, the assessee’s appeal is allowed
ITA 245/RJT/2019[2008-09]Status: HeardITAT Rajkot29 Jun 2022AY 2008-09
For Appellant: Shri M.N. Manvar, A.RFor Respondent: Shri B.D. Gupta, Sr. D.R
Section 269SSection 271DSection 273B
273B of the Act and the penalty may kindly be deleted.
3. The brief fact of the case are that the assessee had received amount of Rs.12,49,526/- in cash from M/s Ghanshayam trading company, which was
I.T.A No. 245/Rjt/2019 A.Y. 2008-09 Page No 3
Shri Kalpesh Mahidas Maradia vs. Addl. CIT
a proprietary concern of the assessee