25 results for “reassessment u/s 147”+ Section 234clear
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In the result, both the appeals filed by the assessee in ITA Nos
Bench: Us:
234 on 3rd floor which involved unaccounted cash payments made during the subject year amounting to Rs.7.44 lakhs. On being queried, the assessee denied of having made any cash payments towards purchase of the aforesaid shops. However, the AO did not find favour with the explanation of the assessee made an addition of Rs. 7,44,800/- as his unexplained