Where assessee files its return u/s 44AD, it is not under obligation to explain individual entry of cash deposit

DECIDED BY: HIGH COURT OF PUNJAB AND HARYANA , IN THE CASE OF: CIT Vs. Surinder Pal Anand, APPEAL NO: ITA No. 156 of 2010, DECIDED ON June 29, 2010 JUDGMENT ADARSH KUMAR GOEL, J. 1. This appeal has been filed by the revenue under Section 60A of the Income Tax Act, 1961 (in short, “the Act”) against the order of the Income Tax Appellate Tribunal (ITAT) dated 29.05.2009 (Annexure A-3) for assessment year 2005-06 proposing the following substantial question of law:- “Whether on the facts and in the circumstances of the case and in law the order of the ITAT is perverse in deleti...