MURTUJA HUSAINBHAI HIRANI,NA vs. ARIVS.INCOME TAX OFFICER, WARD - 3, , NAVSARI
In the result, the appeal of the assessee is allowed
ITA 196/SRT/2023[2014-15]Status: DisposedITAT Surat26 Jun 2023AY 2014-15
Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.196/Srt/2023 "नधा"रण वष"/Assessment Year: (2014-15) (Physical Hearing) Murtuja Hussainbhai Hirani, Vs. The Ito, Ward-3, Prop. Of R. K. Bullion, Navsari Shop No.5, Pranav Chamber Madhumati, Navsari – 396445, Gujarat. (Appellant) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aciph3680D Appellant By Shri Rasesh Shah, Ca Respondent By Shri Vinod Kumar, Sr. Dr 09/06/2023 Date Of Hearing Date Of Pronouncement 26/06/2023
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 40A(3)
disallowance of Rs.2,04,86,216/- on account of cash purchase of gold bar under section 40A(3) of the Act.
5. Succinct facts qua the issue are that assesses filed his return of income on 22-11-2014 vide E-filing Ack. No.415942541221114, declaring total income at Rs.3,76,026/- for the year under consideration. The said return