2021 (5) TMI 552

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....er, 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 reflected a sum of Rs. 16,00,000/- by way ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....as 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. But even in the written submission dated 18/9/18, no evidence of any ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ns 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 petition is filed nor is there any ground made out as why the same could not be tendered before the Asse....