153 results for “house property”+ Section 268A(1)clear
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Bench: Sh. N. K. Saini, Am & Sh. A. T. Varkey, Jm Ita No. 4852/Del/2012 : Asstt. Year : 2009-10 Income Tax Officer, Vs Smt. Santosh Bansal, Ward-2, H. No. 2292, Sector-13, Karnal Karnal (Appellant) (Respondent) Pan No. Aiapb1656K Assessee By : Sh. Ved Jain, Adv. Revenue By : Sh. Sujit Kumar, Sr. Dr Date Of Hearing : 16.11.2015 Date Of Pronouncement : 15.01.2016 Order Per N. K. Saini, Am:
1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law in deleting the addition of Rs.24,00,000/- representing unexplained cash deposited in bank without appreciating property that there was sufficient time gap between the funds received on sale of house and cash deposited in the bank which the assessee could