2023 (3) TMI 1517

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....ischay Kantoor, Advs. For the Respondents : Mr. Kunal Sharma, Sr Standing Counsel with Mr. Shubhendu Bhattacharyya, Adv. for Revenue. Mr. Raj Kumar Yadav, Adv. for R5/UOI. ORDER [Physical Hearing/Hybrid Hearing (as per request)] CM No. 14823/2023 1. Allowed, subject to the petitioner filing legible copies of the annexures, at least three days before the next date of hearing. W.P.(C) ....

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.... explanation was accepted, the Assessing Officer (AO) has now embarked on a different course altogether i.e., that the petitioner has not been able to completely explain the source of the money, which was used to repay a part of the loan. 5. It is in this context, that amount paid towards loan to the tune of Rs. 25,53,42,435/- is sought to be treated as income chargeable to tax, which accord....