UMESH P. MAHANSARIA (HUF),SURAT vs. DY. COMMR. OF INCOME TAX, CIRCLE- 1(3), SURAT, SURAT
In the result, the addition of undisclosed income under section 68 is deleted
ITA 151/SRT/2024[2015-16]Status: DisposedITAT Surat20 Jan 2025AY 2015-16
Bench: Shri Pawan Singh & Shri Bhagirath Mal Biyaniआयकर अपील सं./Ita No. 151/Srt/2024 (Ay 2015-16) (Hybrid Hearing) Umesh P. Mahansaria (Huf) Deputy Commissioner Of Income- C-501, The Legend, Vastu Gram, Tax, Circle-1(3), Surat, बनाम Vesu, Surat-395 007 Aaykar Bhavan, Anavil Building, Vs [Pan : Aaahu 6298 L] Adajan, Surat-395 009 अपीलाथ"/Appellant ""थ" /Respondent
Section 10(38)Section 127Section 143(2)Section 143(3)Section 254(1)Section 68Section 69C
bogus. The Assessing Office also added 2% as unexplained expenditure for claiming LTCG thereby added Rs.2,18,498/-, being 5% of Rs.43,69,967/- while passing the assessment order on 21.11.2017 under section 143(3) of the Act.
4. Aggrieved by the addition made in the assessment order, assessee filed appeal before Ld.CIT(A). The Ld.CIT(A) confirmed the action
