NITIN KUMAR,KOLKATA vs. ACIT, CIRCLE-25, KOLKATA, KOLKATA
In the result, the appeal of the assessee is partly allowed
ITA 1457/KOL/2016[2011-12]Status: DisposedITAT Kolkata04 Apr 2018AY 2011-12
Bench: Hon’Ble Shri M.Balaganesh, Am & Hon’Ble Shri S.S.Viswanethra Ravi, Jm] I.T.A No. 1457/Kol/2016 Assessment Year : 2011-12 Nitin Kumar -Vs- Acit, Circle-25, Kolkata [Pan: Amupk 9557 A] (Appellant) (Respondent)
For Appellant: Shri Subhas Agarwal, AdvocateFor Respondent: Shri G. Hangshing, CIT
Section 132(4)Section 132ASection 132BSection 139(1)Section 143(3)Section 153ASection 234ASection 271(1)(c)Section 68
132A of the Act. The assessee vide letter dated 14.07.2011 before the DDIT(Inv.), Unit-IV(1), Kolkata agreed to offer the seized cash as his undisclosed income towards the unexplained creditors and other liabilities appearing in his books for the assessment year 2011-12. The assessee also pleaded that the same may be treated as disclosure of income u/s
