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2017 (1) TMI 850 - AT - Income TaxAddition as unexplained deposit in the savings bank account - Assessment Order u/s.144 - agricultural income - Held that:- On the basis of AIR information notice u/s.142(1) was issued to the assessee. However, there was noncompliance for which the Assessing Officer issued another notice calling for certain details. Still there was no compliance for which the Assessing Officer passed the order u/s. 144 making addition of ₹ 14 lakhs as unexplained deposit in the savings bank account. The Assessing Officer has also did not allow the basic exemption limit while completing the assessment u/s.144 of the I.T. Act. Thus find in appeal, in absence of any satisfactory explanation given by the assessee regarding the source of deposit, the CIT(A) upheld the addition made by the Assessing Officer. It is the submission of the assessee that the entire deposit of ₹ 14 lakhs in the bank account is out of agricultural income of the family of the assessee which has been deposited in her bank account. It is also the submission of the Ld. Counsel for the assessee that given an opportunity the assessee is in a position to explain the source of deposit of ₹ 14 lakhs. Considering the totality of the facts of the case and in the interest of justice, I deem it proper to restore the matter back to the file of the Assessing Officer with a direction to give one more opportunity to the assessee to substantiate her case. - Decided in favour of assessee for statistical purposes.
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