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2015 (1) TMI 361 - AT - Income TaxAddition of unexplained investment in bank account u/s 69 - Held that:- Following the decision in Smt. Premilaben A. Jariwala, (Prop. Vigneshwar Fabrics) Versus Asstt. Commissioner of Income, Central Circle-4, Surat [2014 (12) TMI 837 - ITAT AHMEDABAD] wherein it has been rightly held that the contentions of the assessee is correct that these deposits were made in the bank account during the AY 2005-06 and therefore addition cannot be made for unexplained investment – thus, the addition of ₹ 15,73,515/- in the case of Shri Amit N. Kapadia and ₹ 20,55,587/- in the case of Smt. Geetaben N. Kapadia is set aside by holding that the deposits were made in the bank accounts during the AY 2005-06 and therefore addition cannot be made during the year under appeal for unexplained investment - in the case of Smt. Geetaben N. Kapadia, the Authorized Representative of the assessee has made absolutely no submissions for the additions made in the following bank account No. 0041-093100-001, thus, the order of the CIT(A) in respect of the addition of ₹ 2,02,067/- is upheld – Decided in favour of assessee, Shri Amit N. Kapadia and partly in favour of other assessee.
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