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2011 (8) TMI 1215 - AT - Income TaxUnexplained cash deposits - CIT (Appeals) correctly deleting the addition on the basis of additional evidence admitted and after proper verification of the same. CIT (Appeals) has himself has verified the evidence and has recorded a finding of fact that the source of deposit in the bank account has been explained by the assessee with the help of books of accounts and bank account of proprietorship concerns. Under such circumstances no purpose will be served by remitting back the matter to the assessing officer when the ld. CIT (Appeals) has himself had verified the evidence and recorded a finding of fact that the source of deposit was duly verified. Merely because the assessing officer had objected would not be a ground for remitting the case back to the assessing officer particularly when the matter has been examined and decided by the ld. CIT (Appeals).
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