SULPHI SAINUDEEN SUNJU,ALAPPUZHA vs. THE ITO WARD 1 & TPS, ALAPPUZHA, ALAPPUZHA

In the result, the assessee’s appeal is dismissed

Bench: Smt. Beena Pillai & Ms. Padmavathy S.Assessment Year : 2017-18

undisclosed income. The credit to the capital account to the tune of Rs.3,99,70,930 was taxed at normal rates. Subsequently, the PCIT issued a show cause notice u/s. 263 for the reason that the unexplained credits to the Page 3 of 8 capital account of the assessee was treated as business income and taxed at normal rate whereas

BATHX BATHWARE INDIA PRIVATE LIMITED,COCHIN vs. ACIT, CENTRAL CIRCLE-1, KOZHIKODE