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Case Law Details

Case Name : Dhanashree Sandeep Shete Vs ITO (ITAT Pune)
Related Assessment Year : 2017-18
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Dhanashree Sandeep Shete Vs ITO (ITAT Pune)

44AD Applied on Govt Charges? -Stamp Duty Facilitator Case- ITAT Pune Sends Matter Back, Citing Acceptance in 8 Later Years

Assessee, an individual engaged in document-writing & facilitating stamp-duty payments for clients, did not file return for AY 2017-18. AO noticed cash deposits of ₹2,31,14,300 in her current account & reopened the case u/s 147/148. Assessment was completed u/s 147 r.w.s 144/144B determining income at ₹43,87,750 by treating bank deposits as income.

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Author Bio

CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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