TaxTMI 
TaxTMI 
2026 (1) TMI 608
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....as "CIT(A)" for short), all dated 12.05.2023, passed under Section 250 of the Income-tax Act, 1961 [hereinafter referred to as "the Act" for short], for Assessment Years (AYs) 2009-10, 2010-11, 2012-13 & 2015-16. 2. Since all these appeals are interconnected and common issues are involved, therefore, we have heard these appeals together and deem it appropriate to dispose of these appeals by this common order. IT(SS)A No. 106/Ahd/2023: AY 2012-13 ITA No. 537/Ahd/2023: AY 2015-16 3. At the outset, the Ld. AR, appearing on behalf of the assessee, submitted that these appeals are not being pressed. In view of the said submission, both the appeals are dismissed as not pressed. IT(SS)A No. 103/Ahd/2023: AY 2009-10 4. The assesse....
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....unaccounted transactions related to the appellant and the group were found during the search. Return of Income was filed on 30.08.2016 declaring total income at Rs. 2,11,270/-as against the income declared in the return of income filed u/s 139(1) on 31.03.2010. The assessment was finalized u/s 153A r.w.s. 143(3) of the Act on 30.12.2016 wherein the total income is assessed at Rs. 23,85,270/-by making various additions. 6. Aggrieved by the order of the Assessing Officer, the assessee went in appeal before the Ld. CIT(A) who confirmed major additions made by the Assessing Officer. 7. Aggrieved by the order of the Ld. CIT(A) confirming the additions made by the Assessing Officer, the assessee is now in appeal before us. Ground No.1 ....
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....ed family, in any previous year from any person or persons on or after the 1st day of April, 2006 38[but before the 1st day of October, 2009], the whole of the aggregate value of such sum: Provided that this clause shall not apply to any sum of money received- (a) from any relative; or (b) on the occasion of the marriage of the individual; or (c) under a will or by way of inheritance; or (d) in contemplation of death of the payer; or (e) from any local authority as defined in the Explanation to clause (20) of section 10 ; or (f) from any fund or foundation or university or other educational institution or hospital or other medical institution or any trust or institution referred....
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....rtionate contributions, the amount contributed by the assessee is recomputed at Rs. 1,42,000/- (rounded off). Accordingly, the addition is restricted to Rs. 1,42,000/-. Ground No.3 is partly allowed. This appeal of the assessee is partly allowed. IT(SS)A No. 104/Ahd/2023 : AY 2010-11 13. The assessee has raised following grounds of appeal:- "1. The Learned C.I.T.(Appeals) has erred in law and on facts of the case in confirming the addition of Rs. 10,67,972/- in the assessment made u/s. 153A despite the fact that, no incriminating material in respect of additions made has been recovered in the search proceeding carried out at the premises of appellant as the so-called incriminating document, which has been relied upon was r....
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....T.(Appeals) has erred in law and on facts of the case in confirming the addition of Rs. 1,51,119/- being alleged unaccounted business profit without appreciating facts and law of the case properly." Ground Nos.1 & 2 14. The issue raised in the aforesaid grounds stands settled against the assessee in view of the decision of the Co-ordinate Bench of the Tribunal in ACIT vs. Benefit Tradelink Pvt. Ltd., reported in 175 taxmann.com 818. Respectfully following the said decision, Ground Nos. 1 &2 raised by the assessee are dismissed. Ground No. 3 15. The seized material reflected purchase of the properties at Village Hanumanpura for Rs. 51,00,000/-. The assessee has offered this amount before the Settlement Commission. These facts are....