Case Law Details
Case Name : Satish Kumar Agrawal Vs ITO (ITAT Raipur)
Related Assessment Year : 2018-19
Courts :
All ITAT ITAT Raipur
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Satish Kumar Agrawal Vs ITO (ITAT Raipur)
ITAT Raipur held that providing unreasonably short period of time of six days for furnishing reply vide notice issued u/s. 148A(b) of the Income Tax Act is against the mandate of law and hence liable to be set aside. Accordingly, order passed thereof is quashed and matter restored back.
Facts- Survey proceedings u/s. 133A of the Act were conducted in the case of Shri Abhishek Agrawal, proprietor of M/s. Pratyush Steels and Shri Gitesh Agrawal, proprietor of M/s. Abhishek Enterprises. Information surfaced in the cours
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
Now-a days the NFAC gives even less time like two days with intermittent holidays to respond. In this case it is pity that even the CIT (Appeals) also did not come to the rescue of the assessee. Further the additions made are huge and repetitive also; bogus purchase is added as unexplained investment us 69C and 12.5% is added as profit is addition to commission.