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Case Law Details

Case Name : M/s Aash Trading Company Pvt. Ltd. Vs ITO (ITAT Delhi)
Related Assessment Year : 2011-12
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M/s Aash Trading Company Pvt. Ltd. Vs ITO (ITAT Delhi)

We find that AO in the reasons recorded has mentioned that Rs. 75 lacs on account of accommodation entry has been escaped, however, he had issued noticed u/s. 148 of the Act to the assesee. In response to the same, assessee filed the objection which was decided in a summary manner. We further find that after considering the reply filed by the assessee as well as documentary evidences, the AO has made the addition of Rs. 15 lacs u/s. 68 of the Act whereas AO has issued the notice u/s

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Author Bio

Mr.Kapil Goel B.Com(H) FCA LLB, Advocate Delhi High Court advocatekapilgoel@gmail.com, 9910272804 Mr Goel is a bachelor of commerce from Delhi University (2003) and is a Law Graduate from Merrut University (2006) and Fellow member of ICAI (Nov 2004). At present, he is practicing as an Advocate View Full Profile

My Published Posts

Reassessment Under Section 147 Invalid When Based on Search Findings Mechanical Approval with Vague and Scanty Reasons is invalid: ITAT Kolkata ITAT should not direct Remand on Legal & Factual Issues: Telangana HC Only Actual Income Earned from Bogus Sale & Purchase can be Taxed as Income Mechanical Approval Under Section 153D Without entry in Order Sheet is Fatal View More Published Posts

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