2016 (3) TMI 1275

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..... on the ground that it did not consider a situation where the original return was merely processed under Section 143(1) - Held that:- The Court notes that the decision in Commissioner of Income Tax (Central)-III v. Kabul Chawla (supra) does deals with the said situation as is evident from para 3 of the said judgment read with the conclusion in para 37 (v). The Court is, therefore, not persuaded to .....

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..... id notice the same loss was disclosed. In the assessment proceedings, the Assessing Officer ( AO ) made an addition of ₹ 2.25 crore under Section 68 of the Act. This was challenged before the Commissioner of Income Tax (Appeals) [ CIT(A) ] by the Assessee on the ground that there was no incriminating material to support the addition. This plea of the Assessee was accepted by the CIT(A) by th .....

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