2019 (1) TMI 748

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....ehrotra, Advocate For the Respondent : Shri C. K. Singh, D.R. ORDER PER T. S. KAPOOR, A.M. This is an appeal filed by the assessee against the order of learned CIT(A), Bareilly dated 15/03/2017 pertaining to assessment year 2013-2014. In this appeal the assessee has taken various grounds of appeal however, the crux of grounds of appeal is the sustenance of addition which the Assessing ....

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....ri Mohan Dhingra had received the notice for explaining for sale of immovable property valuing at Rs. 1,22,66,000/- and Shri Mohan Dhingra had replied to such notice, a copy of such reply was placed at pages 15 to 17 of the paper book. Our attention was also invited to copy of computation placed at page No. 19 of the paper book where Shri Mohan Dhingra had declared the capital gain on this propert....

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....received the payments of property in cash and had deposited the amounts in his bank accounts and later on, after withdrawal 3 from the bank, had given the same to the real owner of the property i.e. Shri Mohan Dhingra. It was argued that this addition also related to the earlier addition as the proceeds were from the sale of same property therefore, it was prayed that this ground be also remanded ....

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.... by Income Tax Officer, Ward-1(3) accepting the claim of Shri Mohan Dhingra that he had included the Long Term Capital Gain on the sale made through his power of attorney holder Shri Yogesh Malhotra, was rightly declared in his return of income. All these facts need factual verification. Therefore, we deem it appropriate to remit the issue back to the Assessing Officer who should pass a fresh asse....