2018 (10) TMI 685

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....ogether and adjudicated by this common order. For the sake of convenience, the facts for the AY. 2007-08 have been taken for consideration. 2. Brief facts of the facts are that the assessee filed her return of income for the AY. 2007-08 on 25-10-2010. The Assessing Officer noticed that after observing the balance sheet filed along with the return of income that the assessee is in possession of assets that attracts wealth tax, whereas the assessee has not filed return of wealth. Therefore, notice u/s. 17, dt. 25-08-2011 was served on the assessee on 29-08-2011. In response to the notice, the assessee filed return of wealth on 19-11-2012 admitting net wealth of Rs. 53,78,132/-. Subsequently, the case was selected for scrutiny and notice u/....

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.... submissions of the assessee, Ld.CIT(A) gave partial relief by allowing the Mysuravaripalle lands as agricultural land from the report of SRO, Tirupati and confirmed the other additions made by the Assessing Officer, as the other lands indicated, involved in urbanization. 2.2. Aggrieved with the order of the CIT(A), the assessee preferred present appeal before us raising the following grounds of appeal: "1. The learned Commissioner of Incometax (Appeals) is not justified in confirming the order of the Assessing Officer treating the agricultural lands at Venkatapuram, Avilala and Mangalam as nonagricultural lands". Ground No. 2 is general in nature. 3. Before us, the assessee brought on record additional evidence with a pet....