TaxTMI 
TaxTMI 
2025 (6) TMI 978
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....ing from the order dated 06.08.2024 of the Ld. Addl/JCIT(A)-3, Delhi in Appeal No. ITBA/APL/S/250/2024- 25/1067366274(1) relevant to assessment year 2012-13. 2. Heard both the parties and perused the records. 3. At the threshold, it is noted that there is a delay of 102 days in filing the appeal before the Tribunal. However, it is observed during the hearing that reasonable cause has been attrib....
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....her in law of assessee. The AO further noted that the amount of Rs. 6,92,000/- was withdrawn in the bank account of Shri Kapil Dev on 31.12.2010 whereas the property was purchased on 23.02.2012. thus, there was a time gap of 14 months from the said receipt of loan and investment in property. The AO confronted the discrepancy to assessee with regard to huge time gap. The assessee explains to AO and....
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....e total land has been purchased as co-owner and her share comes to Rs. 9,07,895/- only. Out of this payment of Rs. 6,92,000/- has been paid by husband from amount taken from his friend Kapil Dev S/o Dev Dutt R/o Vill. Palri, from withdrawal of his bank account with SBI, Mohindergarh and another payment of Rs. 2,50,000/- has been paid by her father in law. On instructions from AO, the assessee prod....
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....ute may be deleted. Ld. DR relied upon the orders of the authorities below. 6. I have heard the rival contentions and perused the records. Upon careful consideration, I find that the payment of Rs. 6,92,000/- has been paid by husband from amount taken from his friend Kapil Dev S/o Dev Dutt R/o Vill. Palri, from withdrawal of his bank account with SBI, Mohindergarh and another payment of Rs. 2,50,....