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Facts
The assessee, a non-filer, deposited Rs.12,81,000/- during demonetization. When asked to explain the source, the assessee claimed it was from land development business. The Assessing Officer (AO) did not accept this and added the sum to the assessee's income under section 69A of the Income Tax Act.
Held
The Tribunal noted that the assessee claimed the CIT(A) did not provide an opportunity to be heard. The Tribunal decided to remand the matter back to the CIT(A) to decide the issue on its merits after giving the appellant a reasonable opportunity to be heard.
Key Issues
Whether the CIT(A) erred in dismissing the appeal without providing an adequate opportunity of being heard to the assessee, and if the addition made by the AO was justified.
Sections Cited
250, 144, 142(1), 143(2), 69A
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Income Tax Appellate Tribunal, MUMBAI BENCH “K”, MUMBAI
Before: SHRI MS KAVITHA RAJAGOPAL & SHRI RATNESH NANDAN SAHAY
O R D E R Per: Ratnesh Nandan Sahay, Accountant Member: 1. This appeal has been filed by the appellant against the Order of the Ld. CIT (Appeals) passed u/s. 250 of the Income Tax Act [the ‘Act’ in short]