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2014 (6) TMI 662 - ITAT MUMBAIAdmission of additional evidence - Confirmation of income from rental business - Leased premises treated as "Income from House Property – Addition u/s 68 of the Act – Sundry creditors – Held that:- The assessment order as well as the order of CIT(A) are passed ex parte for want of any representation from the side of the assessee - assessee has explained the reasons for non-appearance as fault on the part of the assessee, who did not appear before the authorities below and the assessee was kept in dark - the additional evidence intended to be filed by the assessee is relevant for the purpose of determining the nature of income received for the factory building given on license for conduct of business. The assessee has also sought to file the additional evidence in the shape of details of asset and machinery in the factory premises which was given on license - the additional evidence sought to be filed by the assessee requires a proper verification and examination at the level of AO – thus, the additional evidence to be filed by the assessee – thus, the AO is directed to decide the issue after verification and examination of the additional evidence filed by the assessee - the claim of depreciation is also required to be examined by the AO if the income received by the assessee is treated as business income - the assessee has claimed depreciation including land and building which requires a proper verification – Decided in favour of Assessee.
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