MANISH KUMAR SAGU(HUF),RANCHI vs. ACIT, C.C.-2, RANCHI
In the result, the appeal of the assessee stands allowed
ITA 26/RAN/2020[2014-15]Status: DisposedITAT Ranchi28 Apr 2023AY 2014-15
Bench: Shri Sanjay Garg & Shri Rajesh Kumari.T.A. No.26/Ran/2020 Assessment Year: 2014-15 Manish Kumar Sahu (Huf)..…...………………......................……...…..….. Appellant 201, Krishna Apartment, Ratu Road, Ranchi-834001. [Pan: Aaghm3591N] Vs. Acit, Central Circle-2, Ranchi…..…..………..…….……….…………….. Respondent Appearances By: Shri Devesh Poddar, Adv., Appeared On Behalf Of The Appellant. Shri Pranob Kumar Koley, Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : February 27, 2023 Date Of Pronouncing The Order : April 28 , 2023 Order Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 30.01.2020 Of The Commissioner Of Income Tax(Appeals)-3, Patna [Hereinafter Referred To As ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’).
Section 132(4)Section 153ASection 250Section 271(1)(c)
271(1)(c) of the Act.
3. At the outset, the ld. Counsel for the assessee has submitted that a search and seizure action u/s 132(4) was carried out on the premises of the assessee and during the search action, no incriminating material was found. However, the search party extracted the statement of surrender of amount of Rs.98
