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2017 (10) TMI 170 - AT - Income TaxEnhancement of the income on account of jewellery weighing 461.046 grams. - Held that:- In the present case, it appears that the ld. CIT(A) added the jewellery valuing ₹ 9,26,702/- which the AO considered as explained but no proper reason has been given by the ld. CIT(A) in support of his action. It is also noticed that the ld. CIT(A) had confirmed the addition of ₹ 34,23,008/- without assigning any cogent reason. We, therefore, deem it appropriate to set aside this issue back to the file of the ld. CIT(A) to be adjudicated afresh in accordance with law after providing due and reasonable opportunity of being heard to the assessee. Addition on account unaccounted cash - Held that:- In the present case, it appears that the explanation of the assessee was that the cash found during the course of search was out of the withdrawals made by him and his wife. In our opinion, the authorities below had not appreciated the facts in right perspective. We, therefore, deem it appropriate to set aside this issue back to the file of the ld. CIT(A) to be adjudicated afresh in accordance with law after providing due and reasonable opportunity of being heard to the assessee.
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