TaxTMI 
TaxTMI 
2021 (11) TMI 524
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....eal filed by the assessee is directed against the order dated 13.03.2015 passed by the Ld. CIT(A)-5, Ahmedabad arising out of the order dated 27.03.2014 passed by the ITO, Ward-10(3), Ahmedabad under Section 143(3) of the Income Tax Act, 1961 (hereinafter referred as to "the Act") for A.Y. 2011-12 with the following grounds:- "1. The learned CIT(A) erred in confirming the addition of Rs. 82,95,1....
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....eived the sale consideration of Rs. 1,81,00,000/- and the other co-owner Shri Mukesh Bhojwani received only Rs. 81,00,000/-. The Ld. AO concluded the assessment proceeding with the observation that the appellant was not the owner of 50% but of 69% of the property and accordingly the sale consideration was taken at Rs. 1,81,00,000/-. On the basis the assessment proceeding was finally concluded by t....
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....b at the asking of the assessee's brother. Whereas the documents were lying with the said accountant and thus could not be placed before the authorities below at the relevant point of time. Subsequently by the intervention of the father of the assessee the disputes were resolved and the evidences mentioned above could be obtained from the said accountant. Such plea taken by the assessee seems ....
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....e us. 5. The case of the assessee is this the cash deposits were made from cash withdrawals made from time to time. The Revenue's case is this such submissions of the assessee is general in nature and the cash flow statement which are submitted by the assessee revealed that cash deposits made from time to time do not tally with cash withdrawals. Neither any reason was forthcoming from the ass....