SHRI HASMUKH KESHAVLAL KESARIA-HUF,RAJKOT-GUJARAT vs. THE INCOME TAX OFFICER, WD-2(1),, RAJKOT-GUJARAT

In the result, the appeal of the assessee stands allowed

Bench: C .M. Garg & O. P. Meena

68,111 levied under section 271(1)(c) of the Act. 2. The AO observed that the assessee has failed to substantiate the cash credit of Rs. 2,25,802 received from Shri Vansur L Der and Nazabhai L Der, Rs. 1,23,164

SHREE SHIVAM COTTON INDUSTRIES,AT ROHISHALA, TAL. TANKARA, DIST. RAJKOT vs. THE ITO WARD-5, MORBI, MORBI

In the result, the appeal of the assessee is allowed