JOINT COMMISSIONER OF INCOME TAX, SUBHASH ROAD DEHADUN vs. M/S TIMES SQUARE, SAHASTRADHARA ROAD

In the result, appeal of the Revenue is dismissed

demonetization. He submits\nthat books of accounts of the assessee are duly audited, and no\ndefect was pointed out by AO. Ld. AR submits that monthly cash\nflow statement was also submitted before the AO in support of the\ncash balance available. Regarding bank withdrawals, it is submitted\nthat assessee was in the process of developing a new real estate