BHAGYA KALITA,GUWAHATI vs. ACIT, CENTRAL CIRCLE-1, GUWAHATI

In the result, both the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Manomohan Das & Shri Rakesh Mishra

house property in order to have peace of mind and to avoid litigation and penalties. The disclosure was made on the basis of the loose sheets which were found during the search and the same were not verifiable to be genuine and the Investigating Officer also verified from the various parties/sources whose names appear on these loose papers