This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
893-Day Delay Condoned; Cash Deposits Can’t Be Split Arbitrarily – Profit Estimated at 6%
Case Law Details
- Case Name
- Muzafar Ahmad Shah Vs ITO (ITAT Amritsar)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Amritsar
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Muzafar Ahmad Shah Vs ITO (ITAT Amritsar)
893-Day Delay Condoned; Cash Deposits Can’t Be Split Arbitrarily – Profit Estimated at 6%
Amritsar ITAT condoned an extraordinary delay of 893 days in filing appeal and granted substantive relief on merits by rationalising profit estimation and deleting separate cash addition.
The appeal arose from a best judgment assessment u/s 144, where AO treated bank deposits of ₹171.36 lakh as business receipts, applied 8% profit rate on non-cash deposits, and separately added cash deposits of ₹10.03 lakh as unexplained. CIT(A) partly r...
Author Info
