SHRI KRISHAN BAHADUR SAXENA,BHOPAL vs. THE ITO, WARD-2, BHOPAL

In the result, the appeal of the Assessee is partly allowed for statistical purposes

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year:1997-98

147 of the Act. We observe that the assessee did not filed its income tax return even though he was earning salary of Rs.88,000/-. The Assessing Officer was having information about the alleged unaccounted investment in residential house which prompted to initiate the assessment proceedings in order to examine the alleged investment in the residential house and its disclosure

SHRI BHAWANI SHANKAR PARASHAR,INDORE vs. THE DCIT/ACIT 1 (2), INDORE

In the result, appeal of assessee is allowed