2022 (1) TMI 234

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....R Per Beena Pillai, Judicial Member Present appeal is filed by assessee against order dated 20/11/2019 passed by the Ld. CIT(A)-9, Bangalore on following grounds of appeal: "1. The order of CIT-A is opposed to Law and facts of the case. 2. The CIT-A erred in holding that consideration received in excess of consideration recorded in Sale Deed as "Income from Other Sources". ....

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..... 54F of the Act. 7. The CIT-A erred in confirming the levy of interest u/s. 234A, 234B & 234C of the Act and further calculation of interest u/s. 234A, B & C of the Act is not in accordance with Law since the rate, method of calculation is not discenarable from the order of the assessment on the fact and circumstance of the case. 8. The appellant craves, lead to add, alter, amen....

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....there were deposits in the bank account of the assessee which was submitted to be sale consideration received. The Ld. AO observed that there is difference in the sale consideration claimed and what was recorded in the sale deed. He held the difference in sale consideration to be unexplained income from other sources, and made addition of Rs. 61,48,693/-. The Ld. AO also computed the long term cap....

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....ee. We note that the Ld. CIT(A) rejected additional evidences. It is noted that the Ld. CIT(A) held the sale proceeds received by assessee over and above the sum mentioned in the registered sale deed as Income from other sources. In our view, the Ld. CIT(A) should have admitted the additional evidences and considered the claim in the light of additional evidences filed by assessee. 5. On the is....