TaxTMI 
TaxTMI 
2015 (10) TMI 1419
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....ppeal filed by the assessee is directed against the order of the Commissioner of Income-tax (Appeals)-V, Ernakulam dated October 31, 2014 for the assessment year 2010-11. 2. The facts in brief are that the assessee Smt. Vaijayanthi Badri is an individual and wife of Shri R. Badri, one of the partners of M/s. JR and Sons, Kochi. The assessee had filed return of income declaring total income of Rs.....
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....re deposited in her bank account. Subsequently, the same was transferred to the account of M/s. JR and Sons. However, the Assessing Officer did not believe the explanation given by the assessee and came to a conclusion that the assessee failed to discharge the onus cast upon her and accordingly, the amount deposited in the bank accounts of the assessee has been added as undisclosed income. The add....
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.... deposited in the ICICI bank was subsequently transferred to M/s. JR and Sons' Canara Bank account (paper book 4). Learned counsel further submitted that he is able to establish the link between the deposits made in the bank account of the assessee, which were subsequently transferred to the firm's account and requested for remitting the issue back to the file of the Assessing Officer. On ....
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.... by the Commissioner of Income-tax (Appeals). It is a fact that the assessee is an employee of M/s. JR and Sons. The Assessing Officer and the Commissioner of Income-tax (Appeals) did not believe the version of the assessee for the reason that she was not able to establish the amounts deposited which were subsequently transferred to the account of JR and Sons' account. Now the assessee has fil....