RAJAN DHIR vs. PRINCIPAL COMMISSIONER OF INCOME TAX
ITA/64/2016HC Himachal Pradesh02 Aug 2023
Bench: HONOURABLE THE CHIEF JUSTICE MAMIDANNA SATYA RATNA SRI RAMACHANDRA RAO,HON'BLE MR. JUSTICE AJAY MOHAN GOEL
For Appellant: Mr. Vishal Mohan, Senior Advocate, withFor Respondent: Mr. Vinay Kuthiala, Senior Advocate
Section 132Section 132(4)Section 260Section 68
11)
The 1st Appellate Authority rejected the stand of the
assessee holding that the assessee had to provide evidence to examine
and determine as regards the peak credit, and that the bank accounts
reflect withdrawals as well as cash deposits during the year. However, it
partly held in favour of the assessee by directing the Assessing Officer
to determine
