SHRI HITESH HIMMATLAL SAVANI,SURAT vs. INCOME TAX OFFICER WARD 3(2)(3), SURAT

In the result, the ground No

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Physical Hearing) Shri Hitesh Himmatlal Savani, I.T.O. 20-21, Keshav Park Society, Ved Ward-3(2)(3), Vs. Road, Surat-395008. Aayakar Bhavan, Majura Pan No. Bijps 5821 H Gate, Surat. Appellant/ Assessee Respondent/ Revenue

capital account and balance sheet. On the basis of such details, the assessee asserted that he is not capable of making such huge investment of Rs. 34,85,466/-. The Assessing Officer only on the basis of statement of 6 Sh. Hitesh Himmatlal Savani Vs ITO “Hitesh Savani” mentioned in the diary made addition without proving that the assessee made