P.SENTHIL KUMAR,CHENNAI vs. ITO, CHENNAI
In the result, appeal of the assessee in ITA
ITA 3398/CHNY/2016[2012-13]Status: DisposedITAT Chennai28 Feb 2017AY 2012-13
Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos.3397 & 3398/Mds/2016 "नधा"रण वष" /Assessment Years : 2012-13. Shri. P. Senthil Kumar, Vs. The Income Tax Officer, P-2, Hig Adyar Apartments, Non Corporate Ward 3(3) Kottur Gardens, Chennai. Circular Road, Kotturpuram, Chennai 600 086. [Pan Abbps 1019H] (अपीलाथ"/Appellant) (""यथ"/Respondent)
For Appellant: Shri. T. Vasudevan, AdvocateFor Respondent: Shri. Durai Pandian, Sr. A.R
Section 271BSection 40A(3)
capital account
15,94,487
Purchases for which payments have been made
38,44,069
in cash
As per ld. Assessing Officer assessee had violated Sec. 40A(3) of the
Act in making cash payments of "38,44,069/-. He made an addition of
the said amount and completed assessment.
Aggrieved, assessee moved in appeal before ld.
4. Commissioner
