Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (12) TMI 169 - ITAT PUNEUnexplained gold jewellery and silver articles - additions appreciating the fact such as wealth tax return, VDIS disclosure, streedhan, CBDT Circular, gift on marriage application and inherited articles - Held that:- CIT(A) upheld the action of the AO on the ground that assessee could not produce any evidence in support of any of the claim made by him. The reason given by the CIT(A) while sustaining the addition made by the AO has already been reproduced in the preceding paragraph. Since the AO has already granted sufficient relief to the assessee on the basis of evidences produced before him despite the admission of the assessee during the course of search in his statement recorded u/s.132(4) and since no other evidence was produced before the CIT(A) or even before us, therefore, we do not find any infirmity in the order of the CIT(A) upholding the addition made by the AO. Accordingly, the order of the CIT(A) being a reasoned one is upheld and the ground raised by the assessee is dismissed.
|