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2014 (2) TMI 1299 - AT - Income TaxAddition of interest as well as brokerage - documents seized from the premises of Mr. Shriram H. Soni - Reopening of assessment - Held that:- Since identity of the assessee was not proved by Mr. Shriram H. Soni at any point of time nor any corroborative evidence was found from the residence of Mr.Shriram H. Soni so as to prove that the assessee is the same person as per the name appearing in the seized document, therefore, in absence of any contrary material brought to our notice, we set-aside the order of the CIT(A) and direct the Assessing Officer to delete the addition. Since we have deleted the addition made by the Assessing Officer and upheld by the CIT(A), therefore, the ground relating to the validity of the re-assessment proceedings u/s.147 and applicability of section 153C become academic in nature and therefore is not being adjudicated. - Decided in favour of assessee.
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