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AO made error in considering the clerical mistake in consolidated amount of capital: ITAT deleted addition
Case Law Details
- Case Name
- Ankur Bansal Vs DCIT (ITAT Raipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Raipur
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Ankur Bansal Vs DCIT (ITAT Raipur)
Assessee is engaged in the business of transportation in the name of M/s Tanvi Roadways. He filed his return at Rs. 97,46,160/-, which has been assessed u/s 143(3) r.w.s. 144B at Rs. 2,68,80,894/-. Income was enhanced on account of increase in capital balance treating it to be unexplained cash credit u/s 68 for Rs. 1,61,29,215/-. Another addition was on account of long-term capital gain on sale of property at Rs. 10,05,519/-. Appeal filed by the assessee was dismissed.
It is submitted on behalf of assessee that he is engaged in the business of transportation ...
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