2025 (4) TMI 157

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....MAR, AM: This is an appeal preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 29.11.2023 for the AY 2014-15. 02. The only issue pressed by the assessee during the course of hearing is against the confirmation of addition by ld. CIT (A) of Rs. 38,70,000/- u/s 69 of the Act and Rs. 71,79,825/- u/s 56(2)(....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f unexplained investments in the property and (ii) Rs. 71,79,825/-u/s 56(2)(vii) of the Act on the ground that the stamp value of the property was more than the agreement value. Pertinent to note that that the assessee expired on 15.08.2021 and the fact was not reported to the ld. AO and accordingly the notices were issued in the name of a dead person and assessment was also framed accordingly on ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nture dated 11th April, 2013 and the schedule of payments made for the said property is annexed to the said indenture, a copy of which is available at page no. 26 of the paper book. The same is extracted below for ready reference:- Sl No. Cheque Number Date Bank Amount (Rs. ) 1. 042549 05.12.11 Bank of India 9,67,500 2. 081349 05.12.11 Bank of India 9,6....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... it is only conveyance deed which is registered during the year in favour of the assessee and his wife. We note that the issue was accepted by the revenue in the case of assessee's husband. After perusing the facts of the instant case before us in the light of the various evidences filed in the paper book, we are of the considered view that the additions were wrongly made by the AO on the wrong un....