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1 - 4 of 4 (0.22 seconds)Commissioner Of Income Tax-Ii vs Surinder Pal Anand on 29 June, 2010
7. In view of the above facts that the deposits and withdrawal are matching with the
turnover for all the three assessment years and assessee has declared its income u/s. 44AF of
the Act and moreover, the assessee's receipts has nexus with deposits, the deposits assessed by
the lower authorities u/s. 69 and 69C of the Act is without any basis, hence deleted. Even
otherwise, the issue is supported by the decision of Hon'ble Punjab & Haryana High Court in
the case of Surinder Pal Anand (supra), wherein the facts are exactly identical, following the
same we allow this issue of assessee's appeal.
Section 28 in The Advocates Act, 1961 [Entire Act]
Finance Act, 1999
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