Ajay Sharma v. DCIT - Taxpublishers.in

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REFERRED National Thermal Power Co. Ltd. v. CIT 1998 TaxPub(DT) 0342 (SC)

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The Tax Publishers2020 TaxPub(DT) 1171 (Del-Trib) : (2020) 204 TTJ 0281 IN THE ITAT, DELHI BENCH BHAVNESH SAINI, J.M. & R.K. PANDA, A.M. Ajay Sharma v. DCIT ITA No. 3554/Del./2015 14 February, 2020 In favour of Assessee. Assessee by: Kapil Goyal, Advocate Revenue by: Sanjay Goel, CIT-D.R. ORDER *Bhavnesh Saini, J.M.* This appeal by assessee has been directed against the Order of the learned Commissioner (Appeals), Ghaziabad, dated 31-3-2015, for the assessment year 2010-2011. 2. Briefly the facts of the case are that a search under section 132 was conducted in the case of Sh. Pankaj Sharma and Shri Ajay Sharma (Assessee). It was informed that cash was going to be withdrawn from A/c No. xxx2277 of M/s. A.K Traders with HDFC Bank, Ambedkar Road, Ghaziabad, the source of which is not explained in the hands of assessee, the proprietor of M/s. A.K. Traders. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers2020 TaxPub(DT) 1171 (Del-Trib) : (2020) 204 TTJ 0281

IN THE ITAT, DELHI BENCH

BHAVNESH SAINI, J.M. & R.K. PANDA, A.M.

Ajay Sharma v. DCIT

ITA No. 3554/Del./2015

14 February, 2020

In favour of Assessee.

Assessee by: Kapil Goyal, Advocate

Revenue by: Sanjay Goel, CIT-D.R.

ORDER

Bhavnesh Saini, J.M.

This appeal by assessee has been directed against the Order of the learned Commissioner (Appeals), Ghaziabad, dated 31-3-2015, for the assessment year 2010-2011.

2. Briefly the facts of the case are that a search under section 132 was conducted in the case of Sh. Pankaj Sharma and Shri Ajay Sharma (Assessee). It was informed that cash was going to be withdrawn from A/c No. xxx2277 of M/s. A.K Traders with HDFC Bank, Ambedkar Road, Ghaziabad, the source of which is not explained in the hands of assessee, the proprietor of M/s. A.K. Traders.