TaxTMI 
TaxTMI 
2025 (4) TMI 718
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....of assessee against the order of ld. Addl./JCIT(Appeal)-5, Kolkata dated 18th December, 2023 passed for Assessment Year 2017-18. 2. Brief facts of the case are that the assessee is an individual who derives income from business. The case of the assessee was selected for scrutiny. A notice under section 143(2) of the Act was issued and the same was served upon the assessee. But the assessee did no....
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....Officer and CIT(A) have erred in making addition of Rs.3,73,152/- on account of alleged impugned income, by taking 8% of total turnover as income. (3) For that in the facts and circumstances of the case, the charge of interest u/s 234A at Rs.37,784/- and Rs.1,46,413/- is arbitrary, unjust and bad in law. The interest may be quantified in view of jurisdictional High Court decisions. The interest ....
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....deposit of Rs.5,50,000/- as unaccounted. He further submitted that the sales on cash ledger were placed before the ld. CIT(Appeals) during the appellate proceedings, which show that the sale proceeds declared by the assessee exceeds the cash deposit made by the assessee during financial year 2016-17. He, therefore, pleaded to delete the addition made by the ld. Assessing Officer as well as ld. CIT....
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....reated as unaccounted. On this aspect, the assessee has declared the total turnover at Rs.81,16,658/-, therefore, merely because of not filing the details of purchase and sales vouchers is not the criteria to say that the assessee's first cash deposit of Rs.5,50,000/- as unexplained is not correct. As per the assessee, she has submitted the cash book and sales vouchers before the ld. CIT(Appeals),....