PADAM KUMAR JAIN,RANCHI vs. DCIT, CENTRAL CIRCLE-1, RANCHI

In the result, all the appeals filed by the assessee are allowed and copy of common order passed is to be placed on respective case files

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

153A. Further, why only at the fag end of the assessment proceeding, the appellant by way of a letter admitted to the undisclosed income of Rs.54,00,000/-. Further the appellant has not offered any proper explanation in revising the return filed u/s.153A. All these events points to only one direction, that the appellant has deliberately tried his level best