9911796707
TMI Blog2022 (1) TMI 234X X X X Extracts X X X X X X X X Extracts X X X X ..... Present appeal is filed by assessee against order dated 20/11/2019 passed by the Ld. CIT(A)-9, Bangalore on following grounds of appeal: "1. The order of CIT-A is opposed to Law and facts of the case. 2. The CIT-A erred in holding that consideration received in excess of consideration recorded in Sale Deed as "Income from Other Sources". Ever after the buyers have confirmed the same is towards ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 234B & 234C of the Act and further calculation of interest u/s. 234A, B & C of the Act is not in accordance with Law since the rate, method of calculation is not discenarable from the order of the assessment on the fact and circumstance of the case. 8. The appellant craves, lead to add, alter, amend, substitute, change and delete any grounds of appeal 9. For the above and other grounds that m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The Ld. AO observed that there is difference in the sale consideration claimed and what was recorded in the sale deed. He held the difference in sale consideration to be unexplained income from other sources, and made addition of Rs. 61,48,693/-. The Ld. AO also computed the long term capital gains without allowing exemption claimed u/s. 54F by assessee on purchase of two properties. 3. Aggriev ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... received by assessee over and above the sum mentioned in the registered sale deed as Income from other sources. In our view, the Ld. CIT(A) should have admitted the additional evidences and considered the claim in the light of additional evidences filed by assessee. 5. On the issue of claim u/s. 54F, in our view assessee is entitled to make fresh claim for deduction or relief before the appellat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... no. 3327 of 2007. Ld. AO shall verify if assessee satisfies basic requirement to claim the benefit as available to assessee for year under consideration and consider the claim under section 54 in accordance with law. Assessee is directed to file all necessary evidences/documents in support of its argument and claim. Accordingly the grounds raised by assessee stands allowed for statistical purpose ..... X X X X Extracts X X X X X X X X Extracts X X X X
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