9911796707
TMI Blog2022 (2) TMI 323X X X X Extracts X X X X X X X X Extracts X X X X ..... of any VAT, GST or permission from Municipality. Nor there are any evidences in respect of purchases/ sales of Gray Fabrics. It appears that the revised return was filed only to cover up the queries raised during the assessment proceedings in respect of cash found to be deposited in various bank accounts. On finding, no demonstrative evidences, we do not find any reason to interfere with the findings of the CIT(A) filed by the assessee is dismissed. - ITA No:-2333/Del/2018 - - - Dated:- 19-1-2022 - Sh. N. K. Billaiya, Accountant Member And Sh. C. N. Prasad, Judicial Member For the Assessee : Sh. Ramavtar Bansal, CA For the Revenue : Sh. Mrinal Kumar Dass, Sr. DR ORDER PER: N. K. BILLAIYA, AM T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rtner in the firm M/s R. A. Bansal Company. As per the AIR Information, the A.O came to know that the assessee had made cash transactions amounting to ₹ 60,02,880/- in h is bank accounts as under:- S. No. Name of Bank and A/c Holders Nature of A/c No. Total Cash deposited during the F.Y 2012-13 (Fig. in Rs.) 1 Union Bank of India joint a/c Smt. Darshana Devi Bansal (Mothers) and Sh. Ram Avtar Bansal SB A/c 20101000009914 33,61,0000/- 2 Union Bank of India joint a/c Sh. Ram AVtar Bansal (wife) and Smt. Amita Bansal SB A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, therefore, barred from doing any business. Only under certain circumstances, the governing body ICAI permits a practicing Chartered Accountant to do business. However, no such evidence was brought on record. The assessee has been harping upon the revised return which is in-fact an in valid return. Further, even before us the assessee has not brought on record any demonstrative evidence to justify his business activities. There is no evidence of any VAT, GST or permission from Municipality. Nor there are any evidences in respect of purchases/ sales of Gray Fabrics. 10. It appears that the revised return was filed only to cover up the queries raised during the assessment proceedings in respect of cash found to be deposited in various ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
