To

The Income Tax Officer

Ward 2(2) Faridabad

Sub:- Reply to your notice U/s 148 of the Income Tax Act,1961 in the case of Raj Bhahdur Nagar R/o.
House no 1017 Sector 17 Faridabad

Ref :- AFOPN1985L

Respected Sir,

Hearing in the case is fixed for today. On the previous hearing we have submitted the
return of income u/s. 148 of the income tax act, 1961.

The assessee has received a notice u/s. 142(1)/143(2)in which your good self has asked
the source of cash deposit in bank account amounting INR 30,00,000/-

1 Copy of Income Tax Return:- In this connection it is submitted that the copy of Income Tax
Return already submitted for your reference.

2. Statement of Bank account:- In this connection it is submitted that the assessee have an
account with State bank of India. The copy of statement from 1.04.2010 to 31.03.2011 is being attached
for your record. All the entry of debit and credit are cleared/narrated.

3. Explain the source of income for all heads along with documentary
evidence: The detail of source of income has been mentioned in the
computation of income which is being enclosed for your perusal.
4. Source of cash deposit amounting INR 30,00,000/- In this connection it is submitted that the
assessee deposited amount of INR 30,00,000/- in his bank account out of sale proceeds of property at
Ballabgarh to Mr. Subhash Chand S/o Mr. Bhodhraj R/o. Ballabgarh Pan no . CYLPS9498F .

Earlier Mr. Subhash chand has sold his property in cash and cheque, later he purchased a
property from the assessee and paid cash amounting INR 40,00,000/- on dated 10.01.2011 amounting
INR 20,00,000/- and 15.02.2011 INR 20,00,000/-) out of sale of property and cash withdrawal of saving
bank account. The photocopy of registries and Bank account are being attached for your perusal.

An affidavit of Mr. Subhash Chand is being attached for your perusal in which Mr. Subhash
chand says on oath that he paid INR 40,00,000/- to the asseesee in cash.

All deposit of cash in bank account by an assessee can not necessarily be deemed to be income of the
assessee for the purpose of income tax. That deposit in bank account may be a withdrawal from bank
account or previous cash in hand not exigible to tax and therefore mere deposit in cash question does not
represents income.

Keeping the above it is therefore requested that the assessment may kindly be completed and
oblige, if any other information is required please intimate us.

Thanking You

Your Truly
For Raj Bhahadur Nagar

( S.R. Tewatia)
Advocate
Encl:- As above