SUBHASH CHANDER GUPTA, H.NO. 1652 8 VISHNU COLONY, RAILWAY ROAD, KURUKSHETRA,HARYANA vs. ITO WARD-3, KURUKSHETRA, HARYANA

In the result, both appeals of the assessee are

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

u/s 147-148. 8. After examining the case as above together with the information available on record and the replies filed on behalf of the assessee, I hold the afore said amount of Rs. 13.00 crores as to be the assessee's undisclosed income, which, in addition to normal tax liability thereon, also renders the assessee liable for penalty under