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2013 (11) TMI 1646 - HC - Income TaxDeposits in the saving bank account - treated as "Trading Receipts" - Held that:- ITAT have rightly held that the entire amount of ₹ 35,33,414/- cannot be added in the income of the assessee as undisclosed income. Considering the evidence on record and the total turnover of the assessee which came to be estimated at ₹ 36 lacs, the CIT(A) has worked out the net income of the assessee under Section 44AF to ₹ 1.80 lacs. We have no reason to interfere with the order passed by the learned CIT(A) as well as judgment and order passed by the learned ITAT. No questions of law much less any substantial questions of law arise in the present appeal. Hence, the present appeal deserves to be dismissed and is accordingly dismissed.
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