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
68 of the Act are not applicable.
15)
Since the assessee did not provide evidence in the nature of
cash flow statement or otherwise to explain the cash deposits and
withdrawals; and even then, only peak credits were directed to be taken
into account; and since the assessee himself in the appeal filed by the
Department had accepted that addition
