Madhuri Hingorani Pradeep , Bangalore Vs Income Tax Officer Ward-1(2)(4), Bangalore


Quick Summary
This case involves an appeal by Madhuri Hingorani Pradeep against an order from the Income Tax Officer, Bangalore, for the assessment year 2011-12. The appeal concerns two main issues: an addition of Rs. 60 lakhs related to income surrendered during a survey, and the non-allowance of set-off for brought-forward losses and depreciation. The assessee had previously run a garment business, which was discontinued, and later started a spa and beauty parlour. During a survey at the spa, the assessee surrendered Rs. 60 lakhs as additional income, though later claimed in a letter that her estimated income was Rs. 35.68 lakhs and that brought-forward losses would result in NIL taxable income for the relevant assessment year.

Court :
ITAT Bangalore

Brief :
The assessee has filed this appeal challenging the order dated 20-02-2019 passed by Ld CIT(A)-1, Bengaluru and it relates to the assessment year 2011-12.

Citation :
ITA No.773/Bang/2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

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2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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