ACIT, HUBLI vs. SHRI. MALLANAGOUDA S. SANKAGOUDASHANI, HUBLI
In the result the appeal of the assessee is partly allowed and revenue is dismissed
ITA 295/BANG/2014[2011-12]Status: DisposedITAT Bangalore19 May 2017AY 2011-12
Bench: Shri Vijay Pal Rao & Shri S. Jayaramanassessment Year: 2011-12 Shri Mallanagouda S. Sankagoudashani, No.222, 2Nd Floor, The Deputy Commissioner Of Bhavani Arcade, Income Tax, Vs. Near Basav Vana, N.C.M., Circle 1(1), Hubli – 580 029. Hubli. Pan: Aeups 7783Q Appellant Respondent Assessment Year: 2011-12 Shri Mallanagouda S. Sankagoudashani, The Assistant Commissioner Of No.222, 2Nd Floor, Income Tax, Bhavani Arcade, Vs. Circle 1(1), Near Basav Vana, N.C.M., Hubli. Hubli – 580 029. Pan: Aeups 7783Q Appellant Respondent
For Appellant: Shri G. Kamaladhar, Standing CounselFor Respondent: Shri Ashok Kulkarni, Advocate
property of Shri S.N. Hiremath for a sum of Rs. 5,07,269/-. He has referred to these bills at page
117 and 118 of the paper book. All thee three figures as recorded in the diary are in respect of the construction of the house and are overlapping in the diary and impounded material.
The ld. AR has pointed