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2023 (11) TMI 638 - ITAT DELHIUnexplained Cash deposits to the bank account of assessee - HELD THAT:- From the orders of the authorities below, we clearly note that the CIT(A) after considering the basis taken by the AO calling remand report on the additional evidence filed by the assessee during first appellate proceedings and rejoinder of the appellant. It was held that the appellant is not engaged in the business activity and entire credits found to the bank account of assessee remained unexplained, therefore, CIT(A) after giving part relief to the assessee uphold the remaining part of addition. We are unable to see any ambiguity, perversity or any other valid reason to interfere with the findings arrived by the CIT(A) and thus, be uphold the same. Accordingly, ground of assessee are dismissed. Long term capital gain on sale of land - Addition granting major part of relief to the assessee and such amount was computed as per submissions and additional evidence filed by the assessee himself. Therefore, we are unable to see any valid reason to interfere with the findings returned by the CIT(A) on this issue. Accordingly, ground of assessee are also dismissed. Reopening of assessment - From the reasons, it is clear that the reason to believe was on the basis of information regarding certain cash transactions in the bank account of assessee and the assessee did not file any return of income and for the reason assessee did not file return of income for AY 2009-10. We are unable to see any valid reason to interfere with the findings recorded by the CIT(A) while dismissing the ground of assessee and upholding the action of the AO for initiation of reassessment proceedings.
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