The Appellate Tribunal reviewed an ex parte order by the CIT(A) ...

Additions u/s 69 and 69A, with tax u/s 115BBE: Ex part order challenged due to CIT(A) not considering assessee's grounds. Appeal set aside for fresh hearing.

Case Laws Income Tax

June 22, 2024

The Appellate Tribunal reviewed an ex parte order by the CIT(A) concerning the addition of unexplained income under sections 69 and 69A, with tax levied under section 115BBE. The AR argued that despite multiple hearing dates being allocated, the order was passed without considering the assessee's grounds, including issues with notice receipt and adjournment petitions. The Tribunal found the order lacking in both merit and legal grounds, directing a fresh consideration by the CIT(A) to ensure justice and a fair hearing for the assessee. The appeal was allowed for statistical purposes, emphasizing the importance of due process.

View Source

← Previous Next →

The Appellate Tribunal reviewed an ex parte order by the CIT(A) ...

Additions u/s 69 and 69A, with tax u/s 115BBE: Ex part order challenged due to CIT(A) not considering assessee's grounds. Appeal set aside for fresh hearing.

Case Laws Income Tax

June 22, 2024

You may also like:

Computation of tax u/s 115BBE - as argued when no income was brought to tax u/s 68, 69, 69A, 69B, 69C or 69D, then no computation of tax u/s 115BBE was required to be...

The crux of the case revolves around the applicability of Section 69A read with Section 115BBE of the Income Tax Act on the addition made by the Assessing Officer (AO)...

Revision u/s 263 - Failure of AO levy tax u/s 115BE for the additions made u/s 68 - AO having made addition u/s 68 of the Act, taxing it at the rate prescribed u/s...

Deemed income u/s 69/69A/69B r.w.s.115BBE - Higher rate of tax u/s 115BBE confirmed on Excess Found during survey since assessee failed to prove the connection with...

Addition u/s 69A - amount surrendered during survey - application of section 115BBE - AO without making any addition u/s. 69A or any other provision of the Act has...

Addition u/s 69 r.w.s. 115BBE - Higher rate of tax treating the surrendered income as unexplained investment / income - Amount surrendered during a survey due to stock...

Addition on account of cash found short u/s 68 and also holding that the same to be taxed u/s 115BBE - Cash short, at the most represents expenses / outgoings out of...

Non-application of Sections 69 and 115BBE by the Assessing Officer (AO) upheld. Assessee had only one source of income, therefore AO did not err in not invoking Section...

Applicability of special tax rate u/s 115BBE - income surrendered in search and seizure operation u/s 132 and offered in the return of income - Admittedly, assessee has...

Unexplained money u/s. 69A and levied tax u/s. 115BBE - the assessee has filed cash book explaining date wise receipts from various parties and deposited into bank...

Set-off of current year losses against the addition made u/s 68 - going through sub-Section (2) of Section 115BBE of the Act, the words “set off of any loss” appearing...

Addition u/s 69 r.w.s 115BBE - Heigher rate of income tax - The applicability of provisions of section 115BBE are not relevant in the present case as no excess stock was...

Addition u/s. 69 based on information received from Australian Tax authorities - There is absolutely no other material in the hand of the A.O. of proving the addition in...

Excess stock found during survey in assessee's business premises led to surrendered income. Assessing Officer accepted return figures but applied higher tax rate u/s...

Unexplained money u/s 69A or investment u/s 69 - Once an AO finds that an investment has been made, he has to examine the Assessee's explanation as to the source of that...

Quick Updates: