SHRI BIMAL PAUL,SILCHAR vs. INCOME TAX OFFICER, WARD-1, SILCHAR
In the result, both the appeals of the assessee are dismissed
ITA 211/GTY/2014[2010-11]Status: DisposedITAT Guwahati06 Oct 2023AY 2010-11
Bench: Shri Rajpal Yadav & Shri Girish Agrawalassessment Year: 2010-11 & Assessment Year: 2011-12
For Appellant: N o n eFor Respondent: Shri Arun Bhowmick, JCIT
Section 142Section 143(2)Section 143(3)Section 153(1)
17) of the assessment order. In a nutshell, the additions made in the order of assessment arising from undeclared bank transactions in the three undisclosed accounts are summarized as under:
(i)
Profit on suppressed sale
::
Rs. 22,57,001/-
(ii)
Unexplained investment in purchases
:
Rs.13,95,000/-
(iii)
Interest accrued in the undisclosed bank
Rs. 939/- accounts
2.4 In this
