TMI Blog2019 (6) TMI 252X X X X Extracts X X X X X X X X Extracts X X X X ..... petitioner. He submitted that the returned income of the Assessee was Rs. 9, 09, 240 and addition of Rs. 3,79,92,500/- was made by the office of the Income Tax Officer, Ward3, Naidad. He further submitted that the income has been assessed substantially on higher side compared to the returned income and thus, the case is of "High Pitched Assessment". Mr. Prajapati learned Advocate for the petition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. 34,65,832/-. Mr. Prajapati further submitted that the petitioner is passing through a very bad phase, which has resulted into financial crises and it is not possible for the petitioner to discharge the demand of Rs. 34,65,832/- at one go i. e. 20% of the outstanding demand of Rs. 1,73,29,162/-. He further submitted that as directed by the Income Tax Officer, Nadiad vide its order dated 10.05.20 ..... X X X X Extracts X X X X X X X X Extracts X X X X
|