2024 (2) TMI 1047

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....or the Respondent : Mr.R.S.Balaji, Senior Standing Counsel Mrs.S.Premalatha, Junior Standing Counsel ORDER The petitioner assails on assessment order dated 19.09.2022 by which three additions were made to the total income of the assessee and tax was determined on such basis. 2. The petitioner submits that he had filed the return of income for the assessment year 2020-21. In respect thereo....

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....s was duly disclosed. In this connection, he refers to the statement of income which was annexed to the revised return of income. He points out that the entire sale consideration was reflected and that the details thereof are set out under the heading 'income with full exemption'. 4. As regards the third addition of a sum of Rs. 2,10,000/-, learned counsel points out that this was inter....

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.... submits that the contentions of the petitioner pertain entirely to the merits of the assessment order. As such, he submits that the petitioner should have availed of the statutory remedy and not approached this Court. Without prejudice to this contention, he submits that the statement of income of the petitioner does not disclose the interest income received from Axis Bank. With regard to the loa....

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.... the respondent has failed to take into account the fact that the sale consideration of Rs. 7,91,00,000/- from the proceeds of sale of agricultural land was duly disclosed in the statement of income read with the schedule thereto. As regards the interest income from Axis Bank, the same is also duly disclosed in the entry relating to TDS under the head 'Total income' read with Schedule 18. ....