2022 (9) TMI 701

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.... Ajeya Kumar Ojha ORDER PER SANDEEP SINGH KARHAIL , J. M. The present appeal has been filed by the assessee challenging the impugned order dated 28/06/2019, passed under section 250 of the Income Tax Act, 1961 ("the Act") by learned Commissioner of Income Tax (Appeals)-48, Mumbai, ["learned CIT(A)"], for the assessment year 2014-15. 2. In this appeal, the assessee has raised following ....

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....assessee has also deposited large cash in savings bank account. Accordingly, the assessee was asked to show cause as to why the difference in receipts be not treated as unexplained income and added to the total income of the assessee. In reply, assessee submitted that he follows cash method of accounting and therefore the receipts are as per income and expenditure account. The assessee further sub....

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....roprietary concern viz. Ronak Enterprises. In this regard, assessee submitted the confirmation from his relatives, copy of passbook and copy of capital account and balance-sheet of Ronak Enterprises. The learned CIT(A) vide impugned order dated 28/06/2019 rejected the additional evidence filed by the assessee under Rule 46A of the Income Tax Rules. The learned CIT(A) also held that the assessee ha....

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....ern as well as affidavits of close relatives/creditors filed along with the application seeking admission of additional evidence under Rule 29 of Income Tax (Appellate Tribunal) Rules, 1963. The learned AR submitted that the assessee could not furnish the documents, now filed as additional evidence, before the lower authorities. On the other hand, learned Departmental Representative vehemently rel....