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2019 (8) TMI 507 - ITAT VISAKHAPATNAMRevision u/s 263 - Unexplained investments u/sec.69 - entire amount of deposits appearing in the bank account with Corporation Bank, Tanuku as unexplained investment - HELD THAT:- CIT directed the AO to treat the deposits made by the assessee with the Corporation Bank, Tanuku as unexplained investments u/sec.69 of the Act. AO issued a notice to the assessee. The assessee neither appeared before the Assessing Officer nor filed any written submissions. AO by following the directions of the ld. CIT, assessment was completed u/sec. 143(3) r.w.s. 263 of the Act, dated 25/03/2015. We find that the assessee has not challenged the order passed by the ld. CIT, therefore order passed by him is attained finality. It is the duty of the Assessing Officer to pass the assessment order as directed by the ld. CIT u/sec. 263. Accordingly, the Assessing Officer has completed the assessment, the same is confirmed by the ld. CIT(A). We find no reason to interfere with the order passed by the ld. CIT(A). Thus, this appeal filed by the assessee is dismissed.
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