The Commissioner of Income Tax-III vs. Sri Anand Prakash Sanghi
ITTA/33/2010HC Telangana21 Mar 2016
Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY
For Appellant: M/S.HARBOUR VIEWFor Respondent: THE COMMISSIONER OF INCOME TAX
Section 132Section 143(2)Section 153ASection 153CSection 2(47)(v)Section 260ASection 269USection 53A
153C of
the Act on 5.8.2004. The assessee filed a return on
27.12.2004 declaring 'nil' income, consequent to which
notice was issued under Section 143(2) and assessment
completed making an addition of Rs.1,87,00,000/- as
being concealed income under 'short-term capital gain'.
The assessee, which was a partnership firm and later
registered as a Company, owns
