2021 (4) TMI 109

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....odara, JM This assessee's appeal for A.Y. 2012-13 arises from the CIT(A)-4, Hyderabad's order dated 21-11-2016 passed in appeal No. 0137/ITO, W-16(1)/15-16/CIT(A)-4/Hyd/2016-17 in proceedings u/s. 143(3) of the Income Tax Act, 1961 [in short, 'the Act']. Heard both parties. Case file perused. 2. We come to the former twin issues of unexplained cash deposits and un-explained expe....

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....fficer for the purpose of finalising afresh reconciliation of the assessee's cash in hand and balances viz-a-viz impugned negative balance as well as investments to the tune of Rs. 4,18,963/- and Rs. 7,90,712/- respectively. These two grounds are taken as accepted for statistical purposes therefore. 3. Next comes the third issue of disallowance depreciation on motor vehicles to the tune of Rs....

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.... not be taken as a precedent. The assessee's third substantive grievance is partly accepted in assessee's favour. 4. Lastly comes assessee's director's remuneration claim disallowance of Rs. 7,20,000/- in case of Ms. Samia Ali Khan. Relevant discussion in assessment order dt. 31-03-2015 in pgs. 12 to 13 take note of her clarification that she was not playing any key role. All this....