SHRI SANJAY KUMAR SINHA,BHOPAL vs. THE DCIT CENTRAL-II, BHOPAL

In the result the appeals of the assessee are disposed off as

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Borad

2(22)(e) of the Act were for the transactions for the properties purchased by the assessee from regular source of income. In the similar fashion the undisclosed perquisite were made by the Ld.A.O on the basis of salary details vis-à-vis ledger account of the assessee in the books of Soumya Homes Pvt. Ltd. This shows that

SHRI RAJEEV SHARMA,BHOPAL vs. THE DCIT CENTRAL-II, BHOPAL

In the result the appeals of the assessee are disposed off as