2022 (10) TMI 1094

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....er parents & relatives. 2. After Devorce she lived with father house unfortunately. The sad demise of father by heart attack on 03-02-2019. She felt under stress. 3. On the facts in the assessment is unjustified & Request for waiver of income tax & interest. 2. The assessee has also taken additional grounds of appeal, which read as under: "1. That the appellant denies its liability to pay the demand raised of Rs. 2,22,864/- for the F.Y. 2010-2011. 2. That the impugned order is based upon surmises and conjecture. It is most respectfully submitted that the impugned order is ill-conceived in as much as the same has been passed on the basis of conjectures and completely ignoring the evidence brought on rec....

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.... Facts giving rise to the present appeal are that the Assessing Officer was having information regarding incurrence of expenses of Rs. 40,00,000/- for purchasing jewellery worth Rs. 25,00,000/- and Rs. 15,00,000/- for other articles by the assessee during the period relevant to assessment year 2011-12. Therefore, the case of the assessee was reopened for assessment and a notice u/s 148 was issued. In response to the notice the Ld. authorized representative of the assessee attended the proceedings. The Assessing Officer thereafter proceeded to frame the impugned assessment assessing income at Rs. 9,39,200/- against the declared income at Rs. 1,92,392/-. Aggrieved against this the assessee preferred appeal before the learned CIT(Appeals), who....