2022 (6) TMI 572

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....o quash the impugned order, dated 19.04.2022. 2. The brief facts of the case is that the petitioner is having HUF status, running an Aqua Farm in the name of Lakshmi Aqua Centre and being an assessee, return of income was filed regularly. During the assessment year 2015-2016, the HUF filed the return on 31.10.2015, also shown the income of Rs.26,99,510/- and paid the tax of Rs.6,36,100/-. The sai....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mitted his reply on 28.03.2022 and explained that the cash was deposited in the current account of the HUF, also disclosed in the HUF current account and return of income was also filed on 31.10.2015. 4. The specific contention of the petitioner is that the cash was deposited in the HUF current account and not in the account of the individual. In support of the explanation, the petitioner had enc....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of the ROI filed for A.Y 2015-16 in HUF status (AAHHV6656C) and Income and Expenditure statement, Balance sheet for the HUF in which the assessee has stated that the cash deposit made to the tune of Rs.8696105/- during the F.Y 2014-2015 in the CUB current a/c no.037120000072820, the same is related to the HUF. And the same is admitted in the HUF's ROI. Subsequently the assessee has filed adjou....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... The respondent had stated that the year of assessment was considered and sufficient time was granted to the assessee but the assessee has not furnished the documentary evidence. The claim of the petitioner is that he has submitted the documentary evidence showing the cash transaction, the deposit of the cash in the HUF account. However, the wrong entry was made in the account by giving the person....