2018 (2) TMI 2143

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....te. For the Respondent : Mr. Raghuvendra Singh with Mr. Ashok Manchanda, Advocates. ORDER 1. The assessee's appeal under Section 260-A of the Income Tax Act, 1961 complains that the lower authorities concurrently fell into error in not noticing that the amounts brought to tax (Rs. 7,87,000/-) was entirely based on surmise and conjecture. 2. The AO in this case rejected the finding that....

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.... as follows:- "7.2 We have carefully considered the submissions and perused the records. We find that in this case a show cause notice was given to the assessee. We find that the Assessing Officer has asked the assessee to furnish the reply with supporting documentary evidence and also complete books of accounts along with complete bills and vouchers and also bank statements in support of....