SEERAM PADMANABHA JEWELLERS PRIVATE LIMITED,,ELURU vs. ITO, WARD-1,, ELURU
In the result, the appeal of the assessee is allowed
ITA 468/VIZ/2017[2013-2014]Status: DisposedITAT Visakhapatnam06 Nov 2018AY 2013-2014
Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.468/Viz/2017 (धििाारण िर्ा/ Assessment Year: 2013-2014) M/S Seeram Padmanabha Vs. Income Tax Officer Jewellers Pvt. Ltd. Ward-1 D.No.6A-2-6, Near Gandhi Statue Eluru Southern Street Eluru [Pan :Aaqcs9501F] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri Suman Malik, DR
Section 68
249)
(iii) ITAT Ahmedabad in ITO Vs. Sapna Land Developers
(ITA No.2992/Ahd dated 28.12.2015
Thus, the Ld.CIT(A) held that the assessee failed to prove the nature and source of impugned credits, therefore confirmed the entire additions.
The Ld.CIT(A) placed heavy reliance on the decision of Hon’ble Apex Court in the case of Devi Prasad Vishwanath Prasad (supra
