Kanta Devi W/o Suresh Kumar Ishreri vs. Income Tax Officer

Parties Involved

Facts Summary

The appeal by the assessee for the Assessment Year 2012-13 arises from an order of the learned Commissioner of Income Tax (Appeals), NFAC [CIT(A)] dated 05.08.2024. The Assessing Officer made an addition of Rs.56.80 Lacs on account of the purchase of immovable property. The assessee did not attend the assessment proceedings. The CIT(A) confirmed the assessment and refused to admit additional evidences as filed by the assessee. The assessee is in further appeal before the tribunal. The tribunal has noted a delay of 9 days which stands condoned. The advocate for the appellant sought remand back of the appeal on the ground that the assessee is in a position to substantiate the sources of cash deposits. The advocate has sought admission of additional evidence to support the fact that the deposits were sourced out of the sale of agricultural land. The senior department representative opposed the same.…

Legal Issues

• 1. Whether the Impugned order should be set aside and the matter remanded back to the Assessing Officer for de novo adjudication in the light of additional evidences?

Judgment Outcome

Decided in favour of Assessee.

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