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TMI Blog2021 (11) TMI 524X X X X Extracts X X X X X X X X Extracts X X X X ..... d before the authorities below at the relevant point of time. Subsequently by the intervention of the father of the assessee the disputes were resolved and the evidences mentioned above could be obtained from the said accountant. Such plea taken by the assessee seems to be genuine and hence we admit those additional documents placed before us. Since the authorities below didn't get the chance to deal with those documents as filed before us the contentions made by the appellant in support of his claim Could not be verified. We find it just and proper to set aside the issue to the file of the Ld. AO to reconsider the matter afresh upon giving a reasonable opportunity of being heard to the assessee and upon considering the evidences as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bank of ₹ 14,36,000/- as unexplained unaccounted income, such addition is requested to be deleted. Ground No. 1:- 2. The brief facts leading to the case is this that during the year under consideration the assessee sold a joint property amounting to ₹ 2,62,00,000/-. The assessee's share in such properties one half. Upon selling of the said property the Long Term Capital Gain is the issue before us. According to the assessee due to investment in the new residential house the assessee was entitled to the deduction under Section 54 of the Act resulting the Long Term Capital Gain to NIL. Fact remains that the appellant received the sale consideration of ₹ 1,81,00,000/- and the other co-owner Shri Mukesh Bhojwani r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee seems to be genuine and hence we admit those additional documents placed before us. However since the authorities below didn't get the chance to deal with those documents as filed before us the contentions made by the appellant in support of his claim Could not be verified. Under these facts and circumstances of the case we find it just and proper to set aside the issue to the file of the Ld. AO to reconsider the matter afresh upon giving a reasonable opportunity of being heard to the assessee and upon considering the evidences as placed before us and any other evidence which the assessee may choose to file at the time of hearing of the matter. Ground No. 2:- 4. The addition of cash deposit to bank of ₹ 14,36,000 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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