search and seizure operation was conducted u/s 132 of the Act at the business/residential premises of the assessee on 15/01/2009. The assessee and group as a whole disclosed an amount of Rs.750 lakhs u/s 132(4) of the Act, in the financial year 2008-09 relevant to A.Y. 2009-10. Out of the total disclosure, the assessee has disclosed RS.483 lakhs in the year under consideration. During the course of search operation, cash amounting to RS.55 lakhs was seized from the residence of the assessee. At the time of giving disclosure letter dated 20.01.2009, the assessee requested to the Dy. Director of Income Tax (Inv.) to adjust the seized cash amount towards advance tax, since advance tax instalment of 15th March was due
Subhash Gupta, , <b>Jammu</b> vs Department Of Income Tax on 27 November, 2012: Income Tax Appellate Tribunal - Amritsar Subhash Gupta, , <b>Jammu</b> vs Department Of Income Tax on 27 November, 2012 IN THE INCOME ... Income Tax, vs. Sh. Subhash Gupta, Central Circle, <b>Jammu</b>. 40, Ranbir Market, <b>Jammu</b>. (Appellant) (Respondent) Appellant
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