2020 (2) TMI 660

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....Through: Mr. Sunil Agarwal, Sr. Standing counsel with Mr.Tushar Gupta and Mr. Akash Pratap Singh, Advs. O R D E R CM APPL. 5022/2020 (exemption) 1. Exemption allowed, subject to all just exceptions. 2. The application stands disposed of. W.P.(C) 1451/2020 & CM APPL. 5021/2020 (stay) 3. Issue notice. Learned counsel for the respondents accepts notice. 4. We have heard the learned ....

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....unts and were shown as cash entries, though, they were bank transfers. On the basis that the said amounts have been received as cash, which were not explained by the petitioner, the AO proceeded to make additions of Rs. 18,90,000/-. This was despite the fact that the petitioner had explained the position to the AO that the amounts had been received on the maturity of the deposits with the Post Off....