Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (12) TMI 189 - HC - Income TaxNotice u/s 148 - After assessment, the Assessing Officer received information from the Assistant Director of Income-tax (Investigation), vide letter dated February 11, 2004, that the assessee deposited a sum of Rs. 11,33,800 on September 24, 1997, in cash in his savings bank account. On receiving the said information, notice for reassessment under section 148 of the Act was given to the assessee, proposing to treat the amount of the said cash deposit in the bank as undisclosed income – Held that - The assessee had put up the story - , the story put forth by the assessee remained unproved - assessee did not provide his address to the Assessing Officer nor was this person produced before the authorities – Order of ITAT upheld confirming the orders of the authorities below upholding the addition of Rs. 11,33,800 as unexplained credit in the bank account of the assessee
|