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2020 (5) TMI 398

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....ent of the case. The AIR information was furnished to the assessee . One Counsel Krishan Kant Roy UP filed Profit and Loss account and Balance sheet which was never required by the assessing authority. Sh. Ramesh Kumar Garg ,CA only sought adjournments and then Sh. K.K.Roy again appeared and asked the assessing Authority the file details and finally proprietor appeared on 20.12.2010 and case was adjourned to 22.12.2010, but was given no sufficient time to file the required information. That the Counsel (s) of the assessee filed and submitted such documents which were not asked by the assessing authority as the return was filed u/s 44 AD which require no profit and loss account and balance sheet. The rest of the orders mention the narration ....

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....ll it first thought and afterthought. The case of the Assessee at the appeal stage has been heard by three Commissioner(s) .The final Commissioner has not put the submissions to his predecessor(s) and never mentioned the submission(s) of Joint Saving Bank account in his orders which is the basic of dispute for additions. 5. Deposits of more than Rs. 10.00 lacs require explanation but not straight forward additions to the Income .The Explanation to Saving Bank account No. 115810002323 with Dena Bank is as per the ANNEXURE which clearly shows the account is maintained by both the assessee husband and wife Sh.Dinesh Chauhan (PAN No. AADPC 9966E) AND Kavita Chauhan (PAN No. AFBPC 8089D) Andadditions of Cash Deposits are business entries (Depo....