DEPUTY COMMISSIONER OF INCOME TAX (IT), VISAKHAPATNAM vs. SHRI APPARAO MUKKAMALA, USA

In the result, the appeal filed by the revenue is dismissed, while for the cross-objection filed by the assessee is allowed

Bench: SHRI RAVISH SOOD, HON’BLE (Judicial Member), SHRI BALAKRISHNAN. S, HON’BLE (Accountant Member)

J&K Vs. Bakshi Ghulam Mohammad 967 AIR 122? 7. On the facts and in the circumstances of the case, and in law, whether the CIT(Appeals) is justified in holding that Section 69A is not applicable without considering the merits of the evidence, only because assessee was not found in possession, whereas the provisions of the section are based

AGRI GOLD FOODS AND FARM PRODUCTS LIMITED,VIJAYAWADA vs. ASST.COMMISSIONER OF INCOME TAX, CIRCLE-2(1), VIJAYAWADA