ITA No. 179 & 178/JP/2024

Parties Involved

Facts Summary

The appellant, Babu Lal Sharma, is engaged in milk supply distribution activities and agricultural activities. For the assessment years 2018-19 and 2012-13, a search and seizure action was carried out on 02.08.2017. The appellant did not file any return of income for the years under consideration. The Assessing Officer completed the assessment by making additions of Rs. 27,00,000/- for 2018-19 and Rs. 25,00,000/- for 2012-13. The appellant appealed against these orders, challenging the additions made by the Assessing Officer.…

Legal Issues

• 1. Addition of Rs. 18,40,000/- under section 68 of the IT Act, 1961 for the assessment year 2018-19.
• 2. Addition of Rs. 25,00,000/- under section 153C of the IT Act, 1961 for the assessment year 2012-13.

Judgment Outcome

Decided in favour of Assessee.

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