SHRI MOHAMED MOHTRAM FAROOQUI,JHUNJHUNU vs. ACIT, CIRCLE, JHUNJHUNU

In the result, the appeal filed by the assessee is allowed

section 5 Sh. Mohamed Mohtram Farooqui vs. ACIT, Jhunjhunu 132(4) is not applicable in a requisition u/s 132A. In any case assessee has explained in the “Notes to the return of income” that the money belongs to his four brothers and also to his brother in law who own 40 bigha of irrigated agricultural land but still