RAJESH KUMAR JALAN,HOOGHLY vs. I.T.O., WARD - 44(2), KOLKATA
Before: SHRI RAJESH KUMAR, AM & SHRI PRADIP KUMAR CHOUBEY, JM Rajesh Kumar Jalan 138/A, G.T. Road (West) Konngar, Hooghy-712235 West Bengal Vs. ITO, Ward 44(2) Income Tax Office, 3, Government Place (West), Kolkata-700 001, West Bengal (Appellant) (Respondent) PAN No. AMKPJ4084B
Per Rajesh Kumar, AM:
This is an appeal preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the “Ld. CIT(A)”] dated 02.08.2024 for the AY 2015-16. 02. The only issue raised by the assessee is against the order of ld. CIT
(A) confirming the addition of ₹41,21,145/- made by the ld. AO u/s 69
of the Act.
03. The facts in brief are that the assessee field the return of income on 28th August, 2015, declaring total income of ₹3,41,700/-, after claiming deduction under Chapter VIA of ₹1,11,708/-. Thereafter the AO received information from Bureau of Investigation, Commercial
Rrajesh Kumar Jalan; A.Y. 2015-16
Tax, West Bengal that Shri Rajesh Kumar Jalan has received the payments to the tune of ₹112,41,47,898/- through seven bank accounts in the name of 6 traders during the period commencing from 2012-13 to 2015-16. The ld. AO also noted that assessee has purchased one immovable property for a consideration of ₹41,21,145/- which registered before