ACIT, CIRCLE-3(3), SURAT vs. M/S. D P VEKARIYA, SURAT
In the result, the appeal filed by the Revenue is dismissed,
ITA 172/SRT/2020[2009-10]Status: DisposedITAT Surat30 Jun 2022AY 2009-10
Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No. 172/Srt/2020 Assessment Year: (2009-10) (Physical Court Hearing) The Acit, Circle-3(3), Vs. M/S. D. P. Vekariya, Surat Skylark Shopping, B/H Kapodara Police Station, Varachha Road, Surat, Gujarat. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aabfd 8442 Q (Revenue)/(Assessee) (Assessee)/(Respondent) Assessee By Shri P. M. Jagasheth, Ca Respondent By Shri Abhishek Gautam, Sr. Dr 02/06/2022 Date Of Hearing 30/06/2022 Date Of Pronouncement
Section 143(3)Section 144Section 147
TDS credit of Rs.1,19,87,117/-, however the corresponding income was not taken into account. Thus, the contract income and interest income amounting to Rs.22,71,231/- was short accounted in profit and loss account.
4. Therefore, on the basis of above information available on record, reasons were recorded u/s 148(2) of the Act, by the assessing officer