ITAT stays demand raised on addition made by CIT(A)

Estate of Late Vrajlal Mehta Vs ACIT (ITAT Mumbai)

We noticed that explanation of the assessee that two bank accounts belonged to Shri Rajesh Mehta have been accepted by the search officials as well as Assessing Officer. We notice that the balance available in those bank accounts have been assessed by the learned CIT(A) only, that too for want of certain documents. It has been submitted that the assessee is in process of obtaining those documents from Shri Rajesh Mehta. We noticed that the assessee has already paid a sum of Rs. 2 crores a

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