2013 (10) TMI 421

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....non compliance of notice u/s 142(1) which itself was bad in law and bad in facts. 2) That on the facts and in the circumstances of the case the ld. CIT (A) erred in: - a] Sustaining an addition of Rs. 3,57,690/- on account of unexplained investment in purchase of agricultural land in light of documentary evidences produced before him in respect of sources of investment. b] Sustaining an addition of Rs. 24,000/- in respect of house hold expenses particularly when the expenses were met out of the salary income of the husband, income from agricultural and dairy. 3) That on the facts and in the circumstances of the case the ld. CIT (A) erred in upholding the levy of interest charged u/s 234A &.234B. 4) That the petitioner may kin....

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.... the amount charged by the Sub-Registrar and Rs. 1,000/- as fees of typist. The Assessing Officer worked out investment by the assessee at Rs. 7,15,380/- being 1/3rd share of the above said amount of Rs. 21,46,140/- and made the addition. 4. The assessee carried the matter to the learned CIT(A) and submitted that the assessee had no income other than the agricultural income, dairy income and income from interest on FDR, as such there was no question of having any income, which was undisclosed. It was further submitted that the investment was made out of the income of entire family pooled with her, which consisted of the assessee, her husband and HUF of her husband, the said income was entirely from agricultural and was not liable to be t....

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....tion so made was justifiable. The said report of the Assessing Officer was sent to the assessee for her comment. In response, the assessee stated that the Assessing Officer had not given any adverse comment on the details furnished by her under Rule 46A of the Rules. 6. Learned CIT(A) after considering the submissions of the assessee reduced the addition to 50% of the addition made by the Assessing Officer. Accordingly, addition of Rs. 3,57,690/- was sustained. Now, the assessee is in appeal. 7. Learned counsel for the assessee reiterated the submissions made before the authorities below and submitted that when the learned CIT(A) as well as Assessing Officer has accepted the contents of the documents furnished by the assessee under Ru....