In the result, both the appeals of the assessee are dismissed
Bench: Shri Rajpal Yadav & Shri Girish Agrawalassessment Year: 2010-11 & Assessment Year: 2011-12
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 manner, the income was assessed at Rs.40,24,240/- raising a net tax and interest demand of Rs.15,16,830/-. 2.5 There is no ground of appeal raised in respect of the findings of the Assessing Officer