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Case Law Details

Case Name : S. Chandra Prakash Vs ITO (ITAT Chennai)
Related Assessment Year : 2021-22
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S. Chandra Prakash Vs ITO (ITAT Chennai)

The Chennai ITAT (C Bench) partly allowed the appeal of S. Chandra Prakash for AY 2021-22, holding that the gold jewellery seized under section 132A was duly explained and that the addition made under section 69 r.w.s. 115BBE was unsustainable.

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Author Bio

CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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