2021 (5) TMI 552

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....the Respondent(s) : Mr. Bidyut Majumder, Asstt. S.G. ORDER (AKIL KURESHI, CJ). The appeal is filed by the assessee to challenge the judgment of the Income Tax Appellate Tribunal dated 3rd July, 2019. Issues pertained to assessment year 2015-16. During the course of framing the assessment for the said assessment year, the Assessing Officer noticed that in the balance sheet the assessee had....

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....ifts received from other relatives. However, no explanation was given to the AO regarding the details thereof. The same was assessed to tax u/s 69 of the Act. 5.2 Even in course of appeal, no explanation was given regarding details of the said gift. In the submission dated 8/8/2018, assessee requested for a time of one month for him to furnish necessary documents in support of the gift. B....

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....erit in assess's sole substantive grievance going by CIT(A)'s finding extracted detailed discussions as well as the Revenue's vehement contention that this tax payer had not filed even a single confirmation from any of his donors. Learned counsel seeks to place on records some gift deeds at this belated stage. We find no reason to admit the same as additional evidence since neither any such petiti....