SHRI KIRTIMAN SINGH,RANCHI vs. DCIT, RANCHI
In the result, both the appeals filed by the assessee are partly allowed
ITA 121/RAN/2016[2009-10]Status: DisposedITAT Ranchi05 Apr 2019AY 2009-10
Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)
For Appellant: Shri Devesh Poddar, Advocate, ld.ARFor Respondent: Shri P.K. Mondal, CIT, ld. DR
Section 143(3)Section 147
TDS was deducted on the deposits made in the bank account. The estimate of profit as belonging to the appellant is, therefore, unjustified, arbitrary and illegal.
7. For that in any view of the case, without prejudice to our contention mentioned above, the estimate of profit at 10% is unjustified, excessive, arbitrary and uncalled for.
8. For that ld. Assessing
