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2014 (7) TMI 856 - AT - Income TaxUnexplained money – Held that:- CIT(A) has passed a well-reasoned order and out of the total addition of ₹ 13,85,200/-, an addition of ₹ 2,55,500/- has been confirmed and the balance addition has been deleted by him – assessee has allowed his bank account to be used by the students of the coaching centre and the preponderance of human behaviour read with all the evidences establishes this fact in favour of the assessee - assessee being in Australia during the period when assessment proceedings were going on, he was prevented by sufficient cause in producing all the evidences before the AO and the additional evidences were accepted under Rule 46A - amount of opening balance could not be established by the assessee and therefore, the addition of the same was confirmed by the CIT(A) and the balance addition was deleted – the order of the CIT(A) is upheld – Decided against Revenue.
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