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2023 (11) TMI 733 - ITAT JAIPURAddition u/s 69A - unexplained deposits/credit entries - HELD THAT:- As money belongs to assessee also as the assessee failed to file satisfactory explanation or reply in regard to the deposits/credit entries in his saving bank accounts is treated as assessee's unexplained income in term of Section 69A of the Income tax Act, 1961 and added to the returned income of the assessee. In first appeal, the ld. CIT(A) has confirmed the action as narrated above. The Bench has meticulously gone through the entire episode in this case and where his grievance is that the Assessing Officer was not justified in making assessment in his hands and not making the same in the hands of the actual owner of the money. The Bench feels that the object of the Court is to provide adequate justice to the assessee and it will be in the interest of equity and justice to restore the matter to the file of the AO to decide it afresh but providing adequate opportunity of being heard to the assessee. The Assessee is also directed to submit all the necessary details / submissions including the submissions produced before us before concerning the issue before the AO to dispel the doubt in the case. Hence, the appeal of the assessee is allowed for statistical purpose.
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