2013 (12) TMI 640

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....arned Commissioner of Income-tax (A), Central-II, Kolkata in appeal nos. 133/CC-XII/CIT(A)C-II/10-11, 134/CC- XII/CIT(A)C-II/10-11/Kol, 135/CC-XII/CIT(A)C-II/10-11/Kol, 136/CC-XII/CIT(A)C-II/10-11/Kol, 137/CC-XII/CIT(A)C-II/10-11/Kol, 138/CC-XII/CIT(A)C-II/10-11, 139/CC-XII/CIT(A)C-II/10- 11/Kol dated 28-01-2011 for the assessment years 2003-04 to 2009-10 respectively. 2. Shri Sumil Surana, ACA. ....

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....that for all the assessment years under appeal the only claim of the assessee was that when computing the undisclosed income in respect of the said bank account the assessee should be granted the benefit of deduction of the opening balance in respect of the bank account for each of the relevant assessment years and the assessee should be granted the benefit of deduction u/s. 80L of the Act in resp....

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....rically given a finding that amounts have been paid from the said account towards school fees as also towards other persons and consequently, the same could not be considered for computing of peak credits. 5. We have considered the rival submissions. A perusal of the assessment order shows that the AO has brought to tax the total credits as appearing in the bank account year after year. No benefi....