2015 (1) TMI 1

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....ARAGHAVAN, J.M.: This appeal by the assessee is directed against the order of CIT(A)-IV, Hyderabad dated 8.4.2013. 2. Facts of the case, in brief, are that the assessee filed his return of income on 25.1.2010 declaring a total income of Rs. 2,57,060/-. The Assessing Officer assessed the income of the assessee u/s. 144 of Income-tax Act, 1961 at Rs. 29,82,660/- making addition of Rs. 27,25,60....

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....een made through the account with Andhra Bank, though the total credit card payments was taken by the Assessing Officer at Rs. 6,69,300/- the same could not be reconciled. However, the AR submitted that since the credit card payments had been made through Andhra Bank account, a separate addition on account of credit card payments was not justified. The AR further submitted that the assessee had ta....

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....had made advances with respect to the development agreement and had not filed any evidence as asked for. Therefore, the claim of cash deposits out of these advances were not accepted and the addition of Rs. 20,56,300 for cash deposits in Andhra Bank was upheld. Aggrieved, the assessee preferred the present appeal before us. 6. The learned counsel for the assessee, Sri K.A. Sai Prasad submitted ....

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....erial on record. In the interest of justice and taking a sympathetic view of the matter, though the assessee has not appeared before the AO and the CIT(A) on several occasions, we deem it fit to accept the additional evidences. As the Assessing Officer has no occasion to examine these additional evidences, we remit the entire issue back to the file of the AO with a direction to the Assessing Offic....