M. SUNDAR, J.

1. This is a Tax Case Appeal assailing an order of the Income Tax Appellate Tribunal "B" Bench, Chennai. The facts that are essential for appreciating our order are set out infra under the caption Factual Matrix.

2. FACTUAL MATRIX:

2. (a) The Assessee in the instant case is a Cine artist and she is also into modeling. Assessee is the sole respondent in this Tax Case Appeal (hereinafter referred to as ‘TCA’ for brevity) before us. The sole respondent shall be referred to as Assessee for the sake of convenience and clarity. The Principal Commissioner of Income Tax, Central 2 is the appellant in this TCA and the appellant shall be referred to as Revenue also for the sake of convenience and clarity. The assessment year which is subject matter of this TCA is 2010-2011 (hereinafter referred to as the said assessment year for the sake of clarity and convenience).

2. (b) The Assessee, who is an individual filed her return of income for the said assessment year on 25.9.2010, declaring an income of Rs. 89,69,894/-. Subsequently, the Assessee filed a revised return on 30.03.2012 admitting a total income of Rs. 4,41,40,950/-. As is evident from the numbers, the difference b