2017 (5) TMI 1842

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....l filed by the assessee is directed against the revision order dated 10.2.2016 passed by learned Principal CIT-17, Mumbai and it relates to A.Y. 2011-12. The assessee is challenging the validity of revision order passed by learned Principal learned CIT(A). 2. None appeared on behalf of the assessee even though notice of hearing was sent by registered post on more than one occasion. Hence, we pr....

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....ssee and it should have been assessed as income from other sources. Accordingly, he came to the conclusion that the assessment order is erroneous and prejudicial to the interest of Revenue. After allowing opportunity of being heard to the assessee, learned Principal CIT directed the Assessing Officer to assess the income relating to unexplained bank deposits under the head "income from other sourc....