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Section 69B7 Section 50C5 Section 56(2)(vii)3

DCIT CIRCLE-1, RANCHI vs. SHRI ANUP CHAWLA, RANCHI

In the result, the appeal of the revenue is dismissed

ITA 8/RAN/2017[2012-13]Status: DisposedITAT Ranchi22 Feb 2019AY 2012-13

Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)

For Appellant: None appearedFor Respondent: Shri Chandan Das, JCIT/ld.DR

Section 143(3)Section 48Section 50CSection 56(2)(vii)Section 69B

unexplained investment” u/s 69B. 2. Whether the Ld. CIT(A) has erred in holding the addition as erroneous on the grounds that the amendment of s. 56(2)(vii)(b) was with effect from 01.04.2014, thus, giving preference to strict literal construction and ignoring the spirit of law. 4. Ground nos. 1 & 2 relates to deletion of addition