Commissioner passed the Revision order pass the de novo assessment on account of huge deposit of cash in the bank accounts of the assessee. On appeal the Tribunal affirmed the revision order and modified the direction to consider only cash deposited in the bank. (AY. 2017-18)
Gajraj Mining (P) Ltd v.PCIT (2022) 220 TTJ 1 (UO)(Jabalpur)(Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Heavy cash deposited in the bank-Revision order was affirmed-Direction was modified to consider only cash deposited in the bank [S. 143(3)]