2015 (9) TMI 1291

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....ri P.N Manjunath and others on 28.12.2007. During the said search proceedings certain documents were found and seized. It was noticed that the documents marked as 1/STD page 6 to 11, 59 to 61, 22/SPD page 3 to 5, 38 to 41 and 57 to 73 pertained to Smt. Veena N Manunath, the assessee herein. 3. The proceedings u/s 153C of the Act was initiated and notice u/s 153C r.w.s 153A of the Act was duly served. The assessee filed return of income on 6.12.2009 declaring income of Rs,399,099/- for the asst. year 2007-08. 4. In response to notices issued u/s 143(2) & 142(1) of the Act, 1961, the assessee did not submit any books of accounts. The assessment was completed on the basis of information available in the absence of production of books of ....

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....Income yearwise         1140593 394821   7. Based on the above submissions, Smt. Veena N Manjunath offered her income offered asst. years as below : Asst. Year 2007-08 2008-09 Total Income 11,40,593/- 3,94,821/- 15,35,414/-   8. Based on the above information and observations, income of the year computed as below by the AO:   Rs. A. Income from Business/Profession   As declared 3,99,099 Add: (i) Sale of flats income offered for the period 01.04.06 to 31.03.07 (A.Y 2007-08) 11,40,593 Total Taxable Income 15,39,692   9. During the course of hearing with learned CIT(A), the assessee filed letter dated 21.12.200....

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....h the order of CIT(A), the department is on appeal before us: 13. Despite service of notice on the assessee, none appeared for the assessee. We therefore proceed to decide the appeal on merits after hearing the submissions of the learned DR. 14. The learned DR submitted as under : (a) the assessee had not submitted any bifurcation of professional income and income from sale of flat at the time of hearing with the Assessing Officer. (b) The assessee not filed any books of accounts even on repeated request by the AO. (c) The learned CIT(A) had considered the additional cost based on the photograph submitted by the assessee. It is not proper evidence to estimate the pending works. (d) The addition of income by the AO was base....