2020 (11) TMI 898

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..... ount - HELD THAT:- We are unable to appreciate the view point of the authorities below on the ground that once the assessee offered a sum of ₹ 3,00,000 on receipt of the amount, there could have been no occasion of making another similar addition on spending/investing the said amount. If a person earns ₹ 100 from undisclosed sources and thereafter offers it for taxation, its later util .....

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..... ORDER PER R.S.SYAL, VP : This appeal by the assessee arises out of the order dated 26-06-2019 passed by the CIT(A)-4, Pune in relation to the assessment year 2010-11. 2. The only issue raised in the appeal is against the confirmation of addition of ₹ 3,00,000 made u/s 69A of the Income-tax Act, 1961 (hereinafter referred to as the Act ). 3. Succinctly, the facts of the ca .....

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..... o be present in the proceedings before the Tribunal. Today, we are, therefore, taking up the appeal for disposal on merits ex-parte qua the assessee. 5. It is seen from page 7 of the impugned order that the assessee offered a sum of ₹ 3,00,000 as Miscellaneous Receipt in her revised computation of income. The authorities have made and confirmed the instant addition on the ground that th .....

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