Mico Layout Tr Ps vs Kvp Bangara Raju on 26 December, 2015
Author: C M Pusphalatha
Bench: C M Pusphalatha
Registered ... PusphaLatha)
C.C. 53352/2015
APPELLANTS:
MICO LAYOUT TR PS, BANGALORE
RESPONDENTS:
KVP BANGARA RAJU, BANGALORE
ORDER
Convicted
Sd/-
((PRESENTED OVER BY C M PusphaLatha
assessee is in a regular habit of
making investment in NSC, KVP, fixed deposits, deposits with companies since 1986-
87 and even small money received ... children immediately after
their birth were invested in fixed deposits, NSC and KVP etc. as is evident from
various documents and various bank accounts found
confirming the addition of rs.220,000/- as
undisclosed investment in KVP which is completely arbitrary, unjustified
and illegal.
4. For that on the facts ... wrong in not accepting the
fact that the said KVP were acquired and in the name of his grandmother,
the appellant is only the second
transpires that the respondent/complainant Sri Yamuna Prasad purchased Kisan Vikas Patra (KVP) valued Rs.1,000.00 on 21.7.1989 from the Post Office, Ramganj, Sultanpur ... date of maturity of the aforesaid KVP was 21.1.1995 and the maturity value was Rs.2,000.00. From perusal of the records, it also transpires
Kissan Vikaspatra no. 20cc-141342 dt.
17/07/1995:-
1. The KVP no. 20cc-141342 dt. 17/07/1995, issued in favour of Smt. Vidya ... Devi, my mother.
2. The said KVP had been got encashed or not, and in favour of whom.
3. Who is nominee of the said
sought the information related to maturity period of the KVP's of
Hajipur HPO. She wants the list containing owners names of KVP whose ... list containing owner's names to whom
the payment of KVP was not made after getting matured. She wants to know the names
bond.
No satisfactory explanation has been given for source of investment in KVP,
NSC and SBI Bond. Therefore, in our opinion, these investments as well ... 2011
Premanand S. Patel and others vs. DCIT
8
assets like KVP, NSC and SBI Bond. No proper explanation has been given
in respect
Post Office etc. On 14.02.1998,
complainant-1 got encashed KVP worth Rs.1,40,000/- through
respondent and in the same month he sold ... wanted to invest a sum of Rs.1,60,000/- in KVP and he expressed
his willingness to respondent to purchase KVP
FDRs.
(c) Other interest i.e. on loan, deposits, NSC, IVP, KVP,
Post Office schemes, PPF etc.
(d) Dividends.
(e) Income from machinery, plant ... Current or Savings.
(b) Demat Accounts.
(c) Cash.
(d) FDRs, NSC, IVP, KVP, Post Office schemes, PPF
etc.
(e) Stocks, shares, debentures, bonds, units
Atul Ranjan at Post Office,
Pushpa Bhawan.
35 Amount invested in KVP no. 65CD341503 20000.00
CC No. 21/12 7 of 66
(Parveen Singh ... Srivastava at Post Office, Khanpur.
36 Amount invested in KVP no. 65CD341505 20000.00
& 65CD341506 of Rs.10,000/ each as per
Cheque
