INCOME TAX OFFICER, WARD - 2 (1),, VARANASI vs. PROMINENT DATAMATICS MARKETING PVT. LTD., , VARANASI
ITA 135/VNS/2020[2017-2018]Status: DisposedITAT Varanasi05 Jan 2026AY 2017-2018
Bench: Shri Kul Bharat & Shri Anadee Nath Misshra
Section 124(1)(a)Section 124(2)Section 124(3)(a)Section 250(1)Section 255(4)Section 69A
94 ITR 616 wherein at page 650 the Hon'ble court observed and held as under:-
"Now, it is significant that section 69A speaks of "found to be the owner of .........bullion......... It does not say "found to be in possession, of bullion......... If the legislature had intended that mere possession of gold, etc., would cast an obligation
