In the result, the appeal is allowed
Bench: Dr. B.R.R. Kumar & Shri Yogesh Kumar U.S.
41,000/- is added to the income of the assessee u/s 43 CA of the Income Tax Act 1961. Similarly a sum of Rs. 15,280/- were also added u/s 43CA on account of property sold to Shri Dr. Nemi Kochar during the year. Since no satisfactory explanation/evidences are submitted by the assessee, therefore penalty proceedings u/s 271