https://www.taxtmi.com/highlights?id=73871 Assessment u/s 153A - undisclosed income - purchase of properties - payment of on money - AO has rejected the reply to the show cause notice without assigning proper reasons by merely relying on the estimation without any justification. - AO has not given any break-up of the income by deducting the bund area and also the income from Fish Culture with respect to the leased lands. - the assessee has offered an amount of Rs. 74,458/-per Acre (net of Bund area), and which is more than the rate per Acre fixed by the jurisdictional Bench - CIT(A) rightly deleted the additions - AT en-us Mon, 01 Jan 2024 07:15:38 +0530 Mon, 01 Jan 2024 07:15:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73871 Assessment u/s 153A - undisclosed income - purchase of properties - payment of on money - AO has rejected the reply to the show cause notice without assigning proper reasons by merely relying on the estimation without any justification. - AO has not given any break-up of the income by deducting the bund area and also the income from Fish Culture with respect to the leased lands. - the assessee has offered an amount of Rs. 74,458/-per Acre (net of Bund area), and which is more than the rate per Acre fixed by the jurisdictional Bench - CIT(A) rightly deleted the additions - AT Highlights Income Tax Mon, 01 Jan 2024 07:15:38 +0530 https://www.taxtmi.com/highlights?id=73871