9911796707
TMI Blog2024 (7) TMI 973X X X X Extracts X X X X X X X X Extracts X X X X ..... to corroborate the same HELD THAT:- As petitioner stated categorically that the amounts specified in the notice u/s 142(1) were received as interest income. The petitioner annexed an income computation statement and the income tax paid challan for the relevant assessment year. Such challan has also been placed on record and indicates that a sum was paid by way of self assessment tax for assessment year 2019-20. The petitioner further attached documents to the reply dated 12.12.2023 and these documents include copies of the relevant sale deed and the bank account statements. On examining the impugned assessment order, it appears that the assessing officer took note of the sale deed relating to the sale of property. The contention of the pet ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ubmitted reply dated 02.10.2023. By such reply, the petitioner stated that she sold a property during financial year 2017-18 and invested the sale proceeds in fixed deposits. She further stated that a sum of Rs. 18,76,954/- was earned as interest thereon. Along with such reply, the petitioner attached several documents such as the income computation statements along with schedules and the income tax challan. On receipt of further notice dated 28.11.2023, the petitioner replied on 12.12.2023 and attached documents such as the bank account statement from the City Union Bank, copy of the sale deed and earlier assessment orders. Being dissatisfied with such reply as regards the above mentioned interest income, show cause notice dated 08.01.2024 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was remitted on the interest income. Since an alternative remedy is available, she submits that no case is made out for interference. 4. On perusal of the petitioner's reply dated 02.10.2023, it is noticeable that the petitioner stated categorically that the amounts specified in the notice under Section 142(1) were received as interest income. The petitioner annexed an income computation statement and the income tax paid challan for the relevant assessment year. Such challan has also been placed on record and indicates that a sum of Rs. 2,33,839/- was paid by way of self assessment tax for assessment year 2019-20. The petitioner further attached documents to the reply dated 12.12.2023 and these documents include copies of the relevant ..... X X X X Extracts X X X X X X X X Extracts X X X X
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