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Signature Not Verified Digitally Signed By:PRAMOD KUMAR VATS Signing Date:01.09.2022 W.P.(C) No. 11676/2022 Page 2 of 13 11:40:19
"Reasons for reopening of the assessment u/s 147 of the Income Tax Act, 1961.
4.Enquiries made by the AO as sequel to information collected/received: Necessary verification was made from the entire details available on records and database of ITBA and ITD and it has been observed that the assessee has entered into significant financial transactions i.e. CASH DEPOSITS AGGREGATING TO LARGE AMOUNT IMMEDIATELY WITHDRAWN IN CASH FROM ATM to the tune of Rs. 5000000 during the year under consideration i.e, F.Y. 2012-13 relevant to A.Y. 2013-14 but same is not commensurate with the information therefore, I have reason to believe that after due application of all the facts and mind the said amount i.e. Rs. 5000000 has escaped income."