2012 (10) TMI 605

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.... appellant.   AJAY KUMAR MITTAL, J.   1. The assessee has filed the present appeal belatedly challenging the order of the Income Tax Appellate Tribunal, Chandigarh Bench "A", Chandigarh (in short "the Tribunal") in ITA No. 1022/CHD/2009 dated 22.12.2009 for the assessment year 2005-06 which was received by the assessee on 26.2.2010. There is an application under Section 5 of the Li....

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....urce of addition in the capital accounts of partners totaling Rs. 11,69,000/-. The assessee vide letter dated 18.12.2007 surrendered the said amount of Rs. 11,69,000/- subject to no penalty under Section 271(1) (c) of the Act. The Assessing Officer vide order dated 20.12.2007 (Annexure A-6) computed the income for the assessment year 2005-06 by including the said amount of Rs. 11,69,000/- as incom....

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....the assessee filed an appeal against the order dated 12.10.2009 before the Tribunal. The Tribunal vide order dated 22.12.2009 (Annexure A-12) dismissed the appeal of the assessee. Against the order of the Tribunal dated 22.12.2009, the assessee has filed the present appeal. As the appeal was barred by time, an application for condonation of 695 days' delay in filing the appeal has also been fil....