Appeal filed against undisclosed income found as investment made in FD's by the assessee

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Last updated: 18 May 2021
Quick Summary
An appeal was filed against an income tax addition of £8,04,000. This sum was deemed undisclosed income because the assessee could not explain Fixed Deposits made with Bapunagar Mahila Co. Op. Bank. The Assessing Officer made the addition after the assessee failed to respond to notices. The appeal to the CIT(A) was dismissed due to a significant delay in filing.

Court :
ITAT Ahmedabad

Brief :
The instant appeal filed by the assessee is directed against the order dated 26.12.2018 passed by the Commissioner of Income Tax (Appeals) – 10, Ahmedabad arising out of the order dated 05.12.2016 passed by the ITO, Ward-2(2)(1), Ahmedabad under Section 147 r.w.s 144 of the Income Tax Act, 1961 (hereinafter referred as to ‘the Act’) for Assessment Year 2009-10.

Citation :
I.T.A. No.287/Ahd/2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

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