In the result, the assessee’s appeal is dismissed
Bench: Sh. Sanjay Arorai.T.A No.440/Asr/2017 Assessment Year:2011-12
section 271(1)(c) of the Income Tax Act, 1961 (‘the Act’ hereinafter) for Assessment Year (A.Y.) 2011-12 vide order dated 18/2/2016. 2. The assessee-individual, running a brick kiln, was found during assessment proceedings to be maintaining a bank account with Indus Ind Bank (Account No. 0125 – K52425 – 001), which, having a credit balance of Rs.6