9911796707
TMI Blog2023 (10) TMI 1016X X X X Extracts X X X X X X X X Extracts X X X X ..... wn the surrendered income as income from other sources - CIT(A) has deleted the same on the basis of fact that in the quantum appeal, the Tribunal in appea has deleted the addition - HELD THAT:- As in the quantum appeal, a co-ordinate Bench has giving a finding that the amounts disclosed during the search were part of the cash sales and included in the books of accounts. The same substantiates the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IT, Central Circle, Karnal (hereinafter referred as the Ld. AO). 2. Non-appeared for the assessee. The record shows after institution of the assessee, none has appeared while notices have been repeatedly issued. The Bench has also directed to issue notices through department and report of service has been filed. No more opportunity is justifiable. 3. Heard. Ld. DR has supported the findings ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the quantum appeal, the Tribunal in appeal no. 1185/Del/2014 has deleted the addition. 3. The operative part of the judgment in the case of assessee from the Tribunal is reproduced in the order of ld. CIT(A) and it will be relevant to reproduce the same as below ; viii. The careful reading of this letter which was offered for disclosure of additional income leaves no doubt that the asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee is eligible for deduction u/s 80IB, The contention of the Ld. AR of the assessee that the amount disclosed during the search in cash sales and included in the Books of Accounts and accepted by Assessing Officer and ld. CIT(Appeals) has not been contravened by income Tax Authorities below nor by Ld. CIT(DR) before us. In view of above undisputed facts of the case, the assessee has establi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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