9911796707
TMI Blog2016 (5) TMI 398X X X X Extracts X X X X X X X X Extracts X X X X ..... . M.R.Sharma, Advocate Ajay Kumar Mittal,J. 1. This appeal has been preferred by the revenue under section 260A of the Income Tax Act, 1961 (in short, the Act ) against the order dated 27.8.2015, Annexure A.3 passed by the Income Tax Appellate Tribunal, Chandigarh in ITA No.40/Chd/2013, for the assessment year 2009-10, claiming following substantial questions of law:- i) Whether in the facts and in the circumstances of the case, the orders partly (Annexure A.1), partly (Annexure A.2) and partly (Annexure A.3) are legally sustainable? ii) Whether on the facts and in the circumstances of the case, the learned Income Tax Appellate Tribunal is right in law in upholding the order of the Assessing Officer and CIT(A) Chandigarh wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d specifically stated that since the assessee did not furnish any reply, there was no other alternative left with her but to complete the assessment on merits. It was further stated in the order that it was either Shri Sanjeev Garg, ITP or the brother of the appellant, Shri Bhushan Kumar who attended the proceedings before the Assessing Officer. The appellant never attended the proceedings as he was not well. No reply was filed by the assessee. While completing the assessment, the Assessing Officer made various additions and disallowances. According to the appellant, the additions made other than the addition of Rs. 25,00,000/- under Section 68 of the Act are not under challenge before this Court. Aggrieved by the order dated 29.12.2011, A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ount of cash credit under section 68 of the Act. The brief facts are that assessee had shown unsecured loan of Rs. 25 lacs in the name of Shri Ashok Bansal. The Assessing Officer requested the assessee to furnish confirmation alongwith PAN of Shri Ashok Bansal and proof of his filing income tax return. The Assessing Officer asked the assessee to furnish documentary evidence regarding source of credit in the hands of Shri Ashok Bansal and also to explain whether he is assessed to tax. The assessee did not furnish any evidence regarding source of the deposit of this amount. Therefore, Assessing Officer made addition under section 68 of the Income Tax Act. Since no submissions have been made before learned CIT(Appeals), therefore, addition wa ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
