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2022 (10) TMI 394 - AT - Income TaxAddition u/s 69A - income from undisclosed sources - assessee has received the mines sales advances - HELD THAT:- The assessee has not advanced any arguments/submission controverting the order of the ld. CIT(A). In this situation, the Bench has no other alternative except to the confirm the action of the ld. CIT(A). Thus Ground No.1 of the assessee is dismissed. Long term capital gain - sale of residence plot - CIT(A) treating Plot sold as commercial and revised DLC value as adopted by subregister has been upheld - HELD THAT:- Where neither there was any revisionary order in the assessee's favour, nor did he show the capital gains in his return of income or the sale of other plots against which he could claim capital loss, the matter decided by the SVA in the second valuation remains finally adjudicated. As the assessee has not advanced any arguments/submission controverting the order of the ld. CIT(A). In this situation, the Bench has no other alternative except to the confirm the action of the ld. CIT(A). Thus Ground of the assessee is dismissed. Loss incurred on account of plots as claimed - A.O not allowed any set off against the capital gains related sale receipts -HELD THAT:- As the assessee has not advanced any arguments/submission controverting the order of the ld. CIT(A). In this situation, the Bench has no other alternative except to the confirm the action of the ld. CIT(A). Thus Ground No. 3 of the assessee is dismissed.
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