The assessee challenged the order by filing a writ petition for not giving credit of Rs 50 lakh. The court that assessee was granted liberty to challenge the order of the Assessing Officer by way of appeal against non-grant of credit of Rs. 50 lacs as directed by Commissioner (Appeals).
SNJ Distillers (P.) Ltd. v. DIT (Inc.) (2023) 290 Taxman 264 (Mad.)(HC)
S. 69A : Unexplained money-The direction of CIT(A) to give credit of Rs 50 lakhs was not complied with by the Assessing Officer-Court directed the petitioner to file an appeal before CIT(A). [Art. 226]