Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (9) TMI 1884 - AT - Income TaxUnexplained cash deposits - undisclosed income of the assessee - CIT(A) relied upon the judgement of Mahesh B. Shah vs. CIT [1998 (12) TMI 62 - KERALA HIGH COURT] and Ramesh Chandra & Co. vs. CIT [1987 (1) TMI 39 - BOMBAY HIGH COURT] wherein it was held that once the appellant has agreed for some addition before the Ld. AO, then the appellant does not have any right to prefer any appeal before higher forum against agreed addition unless he proves that the addition was made under threat or coercion. In the instant case, since no such statement towards agreement for addition by the assessee was under any threat or coercion is on record, the Ld. CIT(A) dismissed the same. HELD THAT:- Considering the submissions made by the Ld. AR and the judgement passed by the Coordinate Bench in assessee’s own case for the AYs 2011-12 & 2012-13 in similar set of facts, we respectfully following the same, modify the Ld. CIT(A)’s order and direct the AO to treat 50% of cash deposited as undisclosed income of the assessee. - Decided partly in favour of assessee
|