TaxTMI 
TaxTMI 
2018 (7) TMI 1986
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....ed against the order dated 22ND December, 2017 of ld. CIT (A), Alwar for the assessment year 2013-14. The assessee has raised the following ground as under :- "1. The ld. CIT (A) has erred on facts and in law in confirming the addition of Rs. 5,75,000/- on account of unexplained investment in immovable property. 2. The assessee craves to amend, alter and modify any of the grounds of appeal. ....
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....e of Rs. 5,75,000/- was to be paid by 10th May, 2012. Accordingly, the assessee who is the father of Shri Harish Kumar in his statement recorded under section 133A surrendered the undisclosed income including the income of Rs. 5,75,000/- on account of investment in plot. After the survey, the assessee vide letter dated 16.01.2013 informed the AO that the agreement found during the survey was cance....
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....hri Daya Kishan sold the said plot of land to third party Mrs. Nirmala Devi and, therefore, once the said plot of land was sold by the owner to third party and not to the assessee or his son, then the question of investment of Rs. 5,75,000/- which was to be paid at the time of sale deed does not arise. The AO has made the addition only on the basis of surrender made by the assessee during the cour....