Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (5) TMI 823 - AT - Income TaxCash deposits in bank accounts - Submission of additional evidences - HELD THAT:- As gone through the orders of the authorities below. Before authorities below, the assessee had filed certain evidences which were summarily rejected by the CIT(A) without considering or verifying the veracity of the same. Therefore, the action of the CIT(A) in rejecting the application for additional evidences under Rule 46A of the Income Tax Rules, 1962, do not conform the requirement of principle of natural justice - we deem it proper and in the interest of natural justice, admit the additional evidences and restore this issue to the file of AO to verify the correctness of the evidences filed by the assessee and decide the issue afresh. Thus, Ground No. 2 raised by the assessee is allowed for statistical purposes. Addition on account of alleged saving bank interest - HELD THAT:- As perused the material available on record and gone through the orders of the authorities below. Ld. Counsel for the assessee could not controvert the findings of the AO that the interest income was not disclosed in the return of income. Therefore, we do not see any reason to interfere in the finding of the authorities below, the same is hereby rejected. Agricultural income - The contention of the assessee is that the income was wrongly disclosed in the return of income of the assessee as his income however, belonged to HUF - HELD THAT:- As stated that the agricultural land belong to HUF. This contention of the assessee that the agricultural income was wrongly included in the return of income and the land belongs to HUF requires verification at the end of the AO. Therefore, this issue is restored to the file of AO for verifying the correctness of the contention of the assessee that this income belongs to HUF. Ground No. 4 raised by the assessee is thus, allowed for statistical purposes.
|