RAKESH BHOJANI,SIYAGANJ INDORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -4(1), INDORE, CGO COMPLEX

Appeal is allowed

demonetization period.\n7. Further, during the course of assessment proceedings Ld. AO required\nassessee to submit details for the unsecured loan acquired by the assessee.\nIn response to this assessee submitted the ledger accounts, PAN, name,\naddress, confirmation letters of the parties from whom unsecured loans\nwere obtained. Despite continuous efforts, ledger confirmations could not\nbe obtained from

KUSUMLATA GARG,INDORE vs. DCIT ACIT 3 (1) INDORE, INDORE

Appeal is allowed for statistical purpose

demonetization period. However, on perusal of impugned\norder passed by CIT(A) (re-produced above), we find that the CIT(A) has\nrejected this opening cash balance on the premise that the assessee\nreported cash in hand of Rs.24,42,059/- only in the Income-tax Return of\nAY 2016-17 filed to department. Based on this vital observation

SEWA SAHKARI SAMMITTEE MARYADIT,BEED, MUNDI KHANDWA vs. PCIT-1, INDORE

In the result, appeal by the assesse is allowed

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanisewa Sahkari Sammittee Pr. Cit-2 Maryadit Beed Indore Vs. Beed Mundi Khandwa (Appellant / Assessee) (Revenue) Pan: Aaufs0703N Assessee By Shri Gagan Tiwari, Ar Revenue By Ms. Simran Bhullar, Cit-Dr Date Of Hearing 05.10.2023 Date Of Pronouncement 30.10.2023

demonetization. The assessee has contended that similar deposits were made in the earlier years also before the undersigned. However, no such details of earlier years were furnished by the assessee nor were called by the AO. Most notably, it is seen that during the course of assessment proceeding, the AO had called for all the bank statements of the assessee