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TMI Blog2022 (11) TMI 964X X X X Extracts X X X X X X X X Extracts X X X X ..... r. DR. ORDER PER:-ANIKESH BANERJEE, JM: The instant appeal of the assessee is directed against the order of the ld. Commissioner of Income Tax (Appeals)-1, Jalandhar, [in brevity the ld. CIT(A)] bearing appeal no. CIT(A)-1/Jal/10291/2018-19,date of order 25.09.2019, the order passed u/s 250(6) of the Income Tax Act 1961, [in brevity the Act] for A.Y. 2011- 12. The impugned order was originated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g of material. The ld. AO without considering the assessee's submission had adjusted the withdrawn from bank with deposit of cash, had determined the cash deposit in bank account amount to Rs. 12,44,880/-. The ld. AO had wrongly determined total income of Rs.25,12,800/- in the assessment order passed u/s 143(3)/147. The assessee filed a rectification petition u/s 154 and the demand was rectified a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ofPunjab & Haryana in the case of CIT vs. Surinder Pal Anand[2010] 192 Taxman 264 (Punjab & Haryana), held that; "Once under the special provision, exemption from maintaining of books of account has been provided and presumptive tax @ 8% of the gross receipt itself is the basis for determining the taxable income, the assessee was not under obligation to explain individual entry of cash deposit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llahabadin the case of Commissioner of Income-tax-I, Kanpurv.NitinSoni[2012] 21 taxmann.com 447 (All.)holding that ; "The very purpose and idea of enactment of provision like section 44AE is to provide hassle free proceedings. Such provisions are made just to complete the assessment without further probing provided the conditions laid down in such enactments are fulfilled. The presumptive income ..... X X X X Extracts X X X X X X X X Extracts X X X X
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