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2014 (8) TMI 753 - AT - Income TaxDeposits treated as unexplained income - Income from salary and interest free partnership – Held that:- The bank account is a joint account of the assessee with her husband in the ICICI Bank and the same has been confirmed by the bank authorities, to the effect that the transactions in the Joint Bank account during the period 01.04.2008 to 31.03.2009 belong to the assessee’s husband Mr. V. Raja Reddy alone and further affidavits had been furnished in this regard by both the assessee and Mr. V. Raja Reddy - Since the assessee has not maintained books of accounts, disclosing the bank account to the department does not arise – revenue should have made further enquiries which would reveal the fact that whether the receipts belong to Mr. V. Raja Reddy or not, especially when Mr. V. Raja Reddy belong to the same Ward as that of the assessee - assessee is deriving income from salary and interest from partnership firm concerned along with commission on marriage bureau, which is not a substantial amount – the order of the CIT(A) is upheld that the entire addition made in the hands of the assessee cannot be sustained – Decided against Revenue.
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