TMI Blog2023 (9) TMI 112X X X X Extracts X X X X X X X X Extracts X X X X ..... document despite several opportunity being given to the petitioner - HELD THAT:- Prima facie , challenge to the impugned order under Article 226 of the constitution of India is without any merit as the amount that has been paid by the petitioner was neither explained by the petitioner nor the books of accounts filed by the petitioner show it was out of profits earned by the petitioner. Therefore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Assessment Year 2011-2012 was disallowed in the impugned order passed for Assessment Year 2012-2013. 2. It is submitted that during the Financial Year 2011-2012 for the relevant Assessment Year namely 2012-2013, the petitioner had a gross income of Rs. 4,34,28,578/-. It is submitted that during the Financial Year 2011-2012 the petitioner had incurred a sum of Rs. 3,79,75,186/- towards expend ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... titioner. 5. It is in this background, the impugned order has been passed, for the Assessment Year 2012-2013, whereby, the aforesaid sum of Rs. 85,17,600/- has been treated as unexplained expenditure under Section 69C of the Income Tax Act, 1961. 6. Prima facie , challenge to the impugned order under Article 226 of the constitution of India is without any merit as the amount that has been p ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
