2022 (3) TMI 63

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....er The present appeal has been preferred by the assessee against the order dated 08.11.2012 of the Commissioner of Income Tax (Appeals), Durgapur [hereinafter referred to as 'CIT(A)'] passed u/s. 250 of the Income Tax Act (hereinafter referred to as the 'Act'). 2. No one has put in appearance on behalf of the assessee despite notice and despite telephonic intimation to the Ld. co....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Cultural & Education and Aryabhatta Institute of Engineering and Management are none and same" as the said Society owns the above Institute. 2. The Ld. CIT(A) erred in not directly allowing the necessary relief since the Ld. CIT(A) has himself stated that "the deposits considered by the A.O. as sales do not relate to the assessment year under appeal at all going by the dates mentioned". 3. Th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on) from his mother from her savings from postal deposits and her income from salaries. The mother of the appellant was a teacher in Durgapur Steel Plant Primary School under Steel Authority of India Ltd. (SAIL) a Government of India undertaking." 3. Ground Nos. 1 & 4: Vide Ground Nos. 1 and 4, the assessee has contested validity of the reopening of the assessment u/s. 147 of the Act. However, ne....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Assessing Officer had added back certain deposits in the bank account of the assessee treating the same as undisclosed sales proceeds of the assessee. The Assessing Officer applied GP rate on the said deposits. However, the Ld. CIT(A) after considering the submissions of the assessee observed that there were issues which the Assessing Officer had not dealt with in his order. He noted that the es....