MILLENNIUM REAL ESTATE DEVELOPERS PVT. LTD,JALANDHAR vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR
In the result, the appeal filed by the assessee is allowed for statistical
ITA 653/ASR/2016[2012-13]Status: DisposedITAT Amritsar13 Sept 2023AY 2012-13
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: None (Written submission)For Respondent: Sh. Hitendra Bhauraoji Ninawe, CIT DR
Section 132(1)Section 132(4)Section 14Section 14ASection 56Section 69Section 69ASection 71
unexplained amount has not been substantiated with evidence to any
known source of income. Accordingly, the AO assessed the additional
income declared, by the assessee as clearly covered under provisions of
section 69A of the Act and hence, the income of Rs. 1,10,00,000/- declared
by the assessee was held taxable as deemed income u/s
