Document Fragment View
Fragment Information
Showing contexts for: ITD database in Shri Santokh Singh , Kapurthala vs Income Tax Officer, Ward-2, Kapurthala on 17 January, 2019Matching Fragments
6. The ld. CIT(A) after considering the submissions of the assessee and the remand report of the AO observed that the reassessment proceedings were initiated by the AO on the information received from ITD database and that the cash deposits of Rs.25,30,000/- had been made in the saving bank account of the assessee. He further observed that the AO after examining the additional evidences of the assessee reiterated the submissions and reasons given in the assessment order. The ld. CIT(A) observed that an amount of Rs.12,00,000/- had been credited in the bank account of the assessee on 15.10.2008 vide DD No. 004619. He allowed the relief for the said amount and sustained the addition of Rs.9,23,000/-.