2021 (11) TMI 1142

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sessee is directed against the order of learned Commissioner of Income Tax (Appeals)-3, dated 13.05.2019 and pertains to assessment year 2012-13. 2. Grounds of appeal read as under:- Ground No. 1:- Reopening of Assessment:- a. The learned CIT (A) - 3 erred in considering that Assessing Officer erred in reopening the Appellant's Assessment. b. He erred in ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ddition on Lose paper found in Ameya Builder Premises without verifying the authenticity of that paper. 3. Brief facts of the case are that the AO has made addition of Rs. 2,00,000/- by noting that the appellant has paid "On-Money to M/s. Ameya Builders & Property Developers for purchase of shop No.12, at Sai Sugam and the payment of On-Money is reflected in the seized documents, Party Number-A....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he appellant is rejected and the addition of Rs. 2,00,000/- is confirmed." 5. Against the above order assessee is in appeal before us. 6. I have heard the Ld. DR and perused the record. I note that the on money payment added in the hand of the assessee is not based upon any incriminating material found from the assessee or his premises. It is also not the case that any material in assessee o....