issued
u/s.142(1) of the Act. As per the ITD database, it was observed that the
assessee had filed his return of income
Assessing Officer further noticed that, based on the ITD database it appears that the return for the assessment year 2008-09, i.e. the assessment
Based on the information received from the ITD
database, it was found that appellant has deposited an
amount of Rs. 32,01,000 in savings
flow
statement is furnished. He further noted that on examination of ITD
database, it was found that assessee has filed his return of income
written
synopsis, the same is extracted herein under:
"As per ITD database assessee indulged in transaction worth Rs 2.99,01.918- in
National Mulu Commodity
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
during the assessment year under appeal
and on perusal of the ITD database, it was found that
2
ITA.No.5778/Del./2018
Shri
basis of information as per ITD database (AIR-CIB) that
the assessee has made cash deposit of Rs. 14,12,355/-during the financial year
assessment proceedings, the AO noted from the Income Tax
Department (ITD) database in Form No. 26AS that the total receipts ... mismatch with the figures in Form
26AS of ITD database itself can not be a ground to hold that
there is understatement of receipts
cross stated that
he had to check from the ITD database to find out the return
income of the tax payer for earlier year