The Assessing Officer (AO) treated both the property investment of Rs 20,23,778 and the cash deposits of Rs 13,04,900 as unexplained. This resulted in additions of Rs 33,28,678, or approximately Rs 33.29 lakh, to the man’s income. The person contested the assessment before the Commissioner of Income Tax (Appeals). The Assessing Officer (AO) treated both the property investment of Rs 20,23,778 and the cash deposits of Rs 13,04,900 as unexplained. This resulted in additions of Rs 33,28,678, or approximately Rs 33.29 lakh, to the man’s income. The person contested the assessment before the Commissioner of Income Tax (Appeals).
Trending
- India simplifies visa rules: Categories cut to 9 from 13, application fields reduced by up to 70%
- Son faced notices over property buy & cash deposits; ITAT accepts mother’s gift evidence
- Australian nurse retires after 27 years flying to care for remote communities
- Rare Sistan sand boa, known from Iran and Pakistan, documented in India
- Younger teens face more social media stress than older teens, study finds
- Kulgam CRPF attack: Manhunt intensifies for LeT affiliated terrorist Md Lateef Bhat
- Bullet-riddled bodies of 2 missing police officers found in J&K’s Kishtwar
- Watch: ‘Illegal’ tin shed removed at TMC MP Abhishek Banerjee’s Kalighat residence
Son faced notices over property buy & cash deposits; ITAT accepts mother’s gift evidence
By
Add A Comment