2023 (6) TMI 772

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....la, Advs. Respondent: Mr Puneet Rai, Sr Standing Counsel with Mr Ashvini Kumar and Ms Madhavi Shukla, Jr Standing Counsels along with Mr Nikhil Jain, Adv. ORDER RAJIV SHAKDHER, J. (ORAL): CM No.22628/2023 1. Allowed, subject to just exceptions. ITA 253/2023 2. Issue notice. 2.1 Mr Puneet Rai, learned senior standing counsel, accepts notice on behalf of the respondent/revenu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....from interest and agriculture and, therefore, did not maintain books of accounts, in the regular course. 6.2 In effect, it is submitted by learned counsel for the appellant/assessee that addition under Section 68 of the Act, which relates to unexplained cash credit entries found in the books of accounts, is not sustainable. 7. It is submitted by learned counsel for the appellant/assessee tha....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ibunal, concerning the addition qua which the appellant/assessee had expressed a grievance. 10. We have also queried learned counsel for the appellant/assessee as to when the aforementioned miscellaneous application was filed before the Tribunal. 10.1 Learned counsel for the appellant/assessee affirms that the aforementioned miscellaneous application was filed on 31.12.2018. 11. The order....