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Facts
Two sets of appeals were filed by Smt. Shilpi Goyal and Sh. Sunil Kumar Goyal, aggrieved by separate orders of the CIT(A) that dismissed their appeals against assessment orders for AY 2010-11 and 2012-13. The appeals filed by Sh. Sunil Kumar Goyal were delayed by 151 days.
Held
The Tribunal condoned the delay in filing the appeals after considering the appellant's explanation regarding the e-filing password issue. The Tribunal noted that the Assessing Officer had reopened assessments based on information about investments made by the assessees with M/s U B Investment.
Key Issues
Whether the assessment orders deserved to be set aside due to inconsistency in the reasons for reopening and the subject matter of the assessment orders, and whether the Assessing Officer properly considered the source of funds for investments.
Sections Cited
Section 34(4) of the Income Tax (Appellate Tribunal) Rules, 1963
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Income Tax Appellate Tribunal, JODHPUR BENCH (VIRTUAL
Before: Dr. MITHA LAL. MEENA & SHRI NARINDER KUMAR
In view of the above discussion, all the four appeals are disposed off, for statistical purpose and the matters are restored to the files of the Assessing Officer for decision afresh, after providing reasonable opportunity of being heard, and in accordance with law. Order pronounced under Rule 34(4) of the Income Tax (Appellate Tribunal) Rules, 1963 by placing the details on the notice board.