9911796707
TMI Blog2019 (3) TMI 497X X X X Extracts X X X X X X X X Extracts X X X X ..... ring the claim of the appellant for Exemption u/s.54F of the Income Tax act, 1961. 4. The Ld.CIT(A) has erred in law and on facts not considering the appellant plea that sufficient opportunities not provided by the Ld. A.O." 2. Briefly the facts of the case are that as per information available on record, assessee has not filed return of income for the assessment year 2010-2011. The assessing officer, after recording reasons initiated reassessment proceedings. Notice under section 148 was issued on 20th March, 2015. In response thereto, assessee has filed the return of income, declaring income of Rs. 90,340/- + Rs. 95000/- agricultural income on 8th March, 2016. The A.O. issued statutory notice for completion of the asst. The A.O. on per ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... officer, in the remand report mentioned that sufficient opportunity of being heard have been granted to the assessee at the assessment stage and that assessee furnished valuation report of construction of residential house which is prepared by the valuer on 9th February, 2018. During the assessment proceedings, assessee simply stated that the funds received against sale of the land were utilised in the construction of residential house. The assessing officer asked the assessee to produce relevant bills and vouchers in respect of construction of residential house, but, the assessee failed to furnish the same, despite giving proper opportunity. Now during the appellate proceedings, assessee furnished valuation report on 9th February, 2018 wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Assessee also filed copy of the remand report filed by Assessing Officer before Learned CIT(A). The Order sheet of the assessing officer shows that A.O. had taken-up the assessment proceedings in March 2015 and thereafter, has taken-up the proceedings several times in April 2015 May 2015, July 2015, September 2015, October 2015, November 2015, December 2015, and January 2016, but, none of the statutory notices have been responded by the assessee. The assessee appeared at the later stage of the assessment proceedings and filed the written submissions, which have been considered by the assessing officer. The assessee produced the valuation report and some other documents at appellate stage, on which, Learned CIT(A), called for the remand ..... X X X X Extracts X X X X X X X X Extracts X X X X
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