THE ITO, WD-2, THODUPUZHA, THODUPUZHA vs. SRI.E.J.SONY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

10, the assessee stated that he had sold Kavitha Theatre for Rs.6.5 cores out of which I.T.A. Nos.605/Coch/2005 & others only Rs. 3 crores had been accounted and balance money was received in cash. He also stated in reply to Question No. 11 that amount of Rs. 3 crores had been utilized for repaying the unaccounted loan he had taken from

THE ITO, WARD-2, THODUPUZHA, THODUPUZHA vs. SRI.MARTIN JOHNY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals