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Case Law Details

Case Name : Mrs. Nancy V. Silva V/s Deputy Commissioner of Income Tax 9(3) (ITAT Mumbai)
Related Assessment Year : 2006- 07
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Briefly stated facts of the case are that the assessee is an individual carrying on business of civil constructions and commission on sale of flats and miscellaneous income. She filed return declaring a total income of Rs.2,02,357/-. However, the assessment was completed at an income of Rs.13,00,780/- including the addition of Rs.10,75,000/- on account of unexplained cash credit and Rs.23,424/- on account dis allowance of interest vide order dated 12.12.2008 passed u/s 143(3) of the Income Tax Act, 1961(the Act). On appeal, the ld. CIT(A), after sending notice t

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