2026 (8) TMI 82

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Counsel For Respondent(s) : -- Mr. Swaroop Oorilla, Special Government Pleader appears for State Tax. ORDER: Mr. B. Praveen Kumar learned counsel for the petitioner. Mr. Swaroop Oorilla, learned Special Government Pleader appears for State Tax 2. The proper officer has imposed demand of Rs.73.37 lakhs together with 100% penalty in a proceeding relatable to the years 2019-20 to 2021-22 un....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....th the transactions undertaken on a particular date, which, according to the Department, were artificially created to accommodate the unexplained amount. It is also his submission that when the books of account were rejected by the Assessing Officer as well as the CIT (Appeals), the Tribunal, while setting aside the orders of both the authorities, has failed to consider that the rejection and nona....