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2014 (4) TMI 630 - AT - Income TaxAddition made towards unexplained opening balance – Held that:- The decision in Smt. Surapu Indira Devi Vs. ACIT [2014 (3) TMI 679 - ITAT HYDERABAD] followed – The finding given by the CIT(A) is justified as there is no seized material to disturb the opening capital balance, which was accepted by the Department in the original return of income filed – the order fo the CIT(A) upheld – Decided against Revenue. Condonation of delay – Delay of 109 days for filing cross objection – Held that:- Assessee submitted that once there is no warrant in the hands of the cross objector, the assessment made de hors of materials is bad in law and should have been annulled - The reasons advanced by the assessee are not acceptable – thus, the petition for condonation of delay in filing the C.O. by 109 days is rejected and the C.O. is unadmitted – Decided against Assessee.
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