2015 (12) TMI 23

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... remanded back to the Assessing Officer. - Decided in favour of assessee for statistical purposes. - I.T.A .No.-3812/Del/2011 - - - Dated:- 9-10-2015 - SHRI R. S. SYAL, ACCOUNTANT MEMBER AND SMT SUCHITRA KAMBLE, JUDICIAL MEMBER For The Appellant : Sh. K.L. Aneja, Adv. For The Respondent : Sh. V. R. Sonbhadra, Sr. DR ORDER PER SUCHITRA KAMBLE, JM This appeal is filed against order dated 31/5/2011 passed by the Ld. CIT(A), Karnal for the Assessment Year 2007-08 by the assessee. 2. The grounds of appeal are as follows:- 1. Under the facts and circumstances of the case the worthy Ld. CIT(A) erred in confirming the following additions. 195000.00: Deposit in the S/B account on .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n, is wrong and unjustified. 3. Without prejudice to the preceding grounds, the additions made are arbitrary and highly excessive. 4. Appellant craves the prevebge to raise any other legal ground at or before the date of hearing. 3. The assessee has not pressed Ground No. 2, 3 4. Hence, the same are dismissed. 4. The assessee is a retired teacher and possess certain agricultural land. During the course of assessment proceedings it was noticed that the assessee has deposited certain amount in her bank account maintained with Punjab Sindh Bank, Panipat. The assessee was asked to explain the source of deposits in her abovementioned bank accounts. The assessee has filed her explanation vide letter dated 30/11/2009 where .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ere issued for investment in LIC Policy for the period of 5 years. The Assessing Officer has made an addition of ₹ 4 lacs to the income of the assessee towards sale proceeds. Addition of ₹ 1,95,000/-, ₹ 1,80,000/- ₹ 2,80,000/- in total amounting to ₹ 6,55,000/-. 5. The Ld. CIT (A) confirms the addition made by the Assessing Officer. 6. The AR submitted that the assessee owned 4 acres of agricultural land being 2 acres at Vill. Bainswal and 2 acres at Vill. Kohan, Panipat. Her husband has 5 acres agricultural land at Vill. Sinkh, Tehsil Isarana and also her grandson who is dependent on her, have 9 acres of agriculture land at Vill. Sinkh since 2002. So total agriculture land with Smt. Parkash Malik is 18 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X