mismatch with the figures in Form 26AS of ITD database itself can not be a ground
to hold that there is understatement of receipts
Reasons for the belief that income had escaped assessment
As per ITD database and e-filing ITBA portal, return was filed till assessment year
ITD information, Rajesh Gupta (HUF) is having PAN:
AAGHR9262M address at 14, Sainik Farm, Lane C-3, Khanpur,
New Delhi. Further, as per ITD database ... Sainik Farm, Lane C-3,
Khanpur, New Delhi. Further, as per ITD database, the
aforesaid assessee filed his return of income
land transactions were called out from the
data available in the ITD database.
7.6 From the perusal of the assessment order dated
recorded that on physical verification as well as from the ITD
Database, it had been gathered that the assessee has not filed
the return ... said information ought to have been available on the ITD
Database available to the AO. The assessment order
acknowledges filing of income tax return
Investment during the relevant F.Y.
However, on verification of the ITD database, and comparison
of the Balance Sheet
transactions are cast deposits followed by RTGS debits. On perusal the
ITD database, it has been found that the assessee has never filed his
return
reasons for re-opening emerged. Pertinently, as per the order, the
ITD database of the petitioner assessee revealed that the petitioner
had received
order recorded that on physical verification as well
as from the ITD database, it was gathered that no return had been filed by
the assessee
placed in the file nor visible in the
online database, (ITD)(ITBA) for the assessment year 2009-10 & 2010-
11. It is evident from