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2022 (10) TMI 417 - AT - Income TaxReopening of assessment u/s 147 - unexplained investments in Mutual Funds and unexplained money deposited in Axis Bank, HDFC Bank and State Bank of India and also added the CPB interest - difference on account of cascading, effect of the income received and further reinvested both being added on various occasions - Admission of additional evidences - HELD THAT:- Additional evidences produced by the assessee before the CIT(A) namely the Mutual Funds statement was issued on 01.04.2014 whereas the reassessment was passed on 26.03.2014 and another reason that matured FDR receipt could not be obtained by the assessee from its bankers, before passing of the assessment order by the AO. Considering the ill health of the assessee and transfer of his residence to New Delhi. We find that the assessee is sufficiently prevented from above reasons for not furnishing the above documents to the AO - Therefore to meet the ends of justice, we deem fit it to set aside the case to the file of the Assessing Officer and give one more opportunity to the assessee to explain its case with these additional evidences as last opportunity by imposing a cost of Rs. 10,000/- as the assessee has not cooperated with the Assessing Officer. Appeal filed by the Assessee is allowed for statistical purposes.
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