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TMI Blog2023 (1) TMI 1328X X X X Extracts X X X X X X X X Extracts X X X X ..... l For the Respondent : Mr. Akshay Bhan, Sr. Advocate with Mr. Shantanu Bansal, Advocate And Mr. Sidhant Suri, Advocate JUDGEMENT RITU BAHRI, J. The present appeal has been filed under Section 260 of the Income Tax Act, 1961 (for short 'Act 1961') seeking setting aside of order dated 24.01.2006 (A-3) passed by Income Tax Appellate Tribunal, Chandigarh Bench 'A' passed in IT (SS) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ney, unexplained investment in purchase of properties, uncorroborated gift from Sh. Arvinder Pal Singh; undisclosed notional income from house property; unexplained household expenses and unexplained credits in Bank A/cs etc. Aggrieved with the aforesaid order of Assessing Officer, the respondent preferred an appeal before the CIT (A)-I, Ludhiana, who vide its order dated 03.03.2003 partly allowe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dgments dated 03.03.2003 and 24.01.2006 shows that the deposit was in the name of HUF and the source of deposit was explained. The return in the name of HUF was furnished after receiving the notice from the department and the bank account belonged to HUF. The department had issued notice under Section 142 (1) of Act 1961 dated 02.04.2002 and the assessee filed return in the capacity of HUF. The Ba ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e. Further it has been noticed in the judgment that similar issue had been considered in the case of Dr. (Smt.) Navjot Kaur Sidhu w/o the assessee for the block period 01.04.1990 to 20.07.2000, vide order dated 30.08.2005 and keeping in view this fact, the appeal of the department was dismissed. This issue has already been decided in favour of assessee by CIT (A) Patiala vide order dated 2.6.1999 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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