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2022 (9) TMI 1389
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.... Per Shri Rajesh Kumar, AM: This is the appeal preferred by the assessee against the order of the Principal Commissioner of Income Tax-Asansol [hereinafter referred to as 'Ld. PCIT'] passed u/s 263 of the Income Tax Act, 1961 (hereinafter referred to as the Act)dated 12.03.2022 for the assessment year 2017-18. 2. The issue raised by the assessee in the second ground is a legal issue and i....
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....15 and Rs. 6,15,368/- on 24.08.2016. The assessee has deposited Rs. 15 Lakhs into the bank account on 10.11.2016 and the very second day i.e. 11.11.2016 it was transferred to Sudhanshu Dhal. The said amount was stated to be transferred for purchase of land. The assessee gave a detailed chart wherein total income, total expenditure and cumulative savings from 2007-08 to 2016-17 were given. As per t....
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....ssee by submitting that same details as were placed before the AO however the Ld. PCIT brushed aside the submissions of the assessee and revised the assessment so framed by the AO and directed the AO to frame fresh assessment after making the necessary enquiry into the matter. 5. After hearing the rival contentions and perusing the materials as placed before us , we note that the said assessmen....