2026 (4) TMI 111

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....after referred to as 'the Act') relating to the Assessment Year 2017-18. 2. Brief facts of the case is that the assessee is a Partnership Firm engaged in the sale and service of Honda two wheelers. For the Asst. Year 2017-18, assessee filed its Return of Income on 30-10-2017 declaring total income of Rs. 70,69,170/-. The return was taken for scrutiny assessment, since the assessee had received cash advance from 611 customers amounting to Rs. 1,57,76,639/- on 08-11-2016 being announcement of demonetization of Rs. 500/- and Rs. 2000/- INRs. The assessee was asked to furnish complete details of the customer's name, address amounts of advanced etc. The assessee replied on 11-12-2019 with complete address of 611 customers with Phone Number an....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ore prayed that same be held now. 3. The Order passed by the Ld. CIT(A) is bad in law and contrary to the provisions of law and facts. It is submitted that the same be held so now. 4. Your appellant craves leave to add, alter, and/or amend all or any of the grounds before the final hearing of the appeal. 5. Ld. Counsel Shri Sunil Talati appearing for the assessee filed before us a Paper Book running to 1225 pages which contains the cash book, complete details of 611 customers who booked the two wheelers on 08-11- 2016 with the name, address and Mobile number, Ledger account of these 611 customers from Main Branch at Himatnagar, Prantij Branch Customer List, Talod Branch Customer List, details of purchase and sales durin....