MRINAL DAS,BAKSA vs. ITO, WARD - BARPETA ROAD, BARPETA

In the result, the appeal filed by the assessee is allowed

Bench: Shri Manomohan Das & Shri Rakesh Mishra

unexplained money was not justifiable as the Ld. AO could have perused the ITRs for the previous and subsequent years and should have arrived at some reasonable profit by making some estimation. However, the assessee during the course of appellate proceedings had not produced all the supporting documentary evidence nor the assessee had filed any petition for admitting additional evidences