K.GURUMURTHY,CHENNAI vs. ITO NON CORPORATE WARD 11(4), CHENNAI

In the result, the appeals filed by assessee in ITA Nos

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

reassessment proceedings conducted by AO u/s 147/148 of the 1961 Act for both the ay’s: 2011-12 & 2012-13, the assessee was asked to produce sources for cash deposits, confirmation for loan, details of interest paid and copy of bank statements. The AO in the meantime obtained bank statements directly from bank which were examined

K.GURUMURTHY,CHENNAI vs. ITO NON CORPORATE WARD 11(4), CHENNAI

In the result, the appeals filed by assessee in ITA Nos