D.SHANTHA,VILLUPURAM vs. ITO, VILLUPURAM

In the result, the assessee’s appeal in ITA No

Bench: Shri N.R.S. Ganesan & Shri S. Jayaraman

bogus and assessed the credits as the income of the assessee. Subsequently, the AO passed a rectification order u/s 154 on 10.07.2014, in which he reduced Rs.22,59,999/-, representing the opening balance in the loan creditors’ accounts which cannot be considered as the income of the current year, and sustained the addition under this head

D.SHANTHA,VILLUPURAM vs. ITO, VILLUPURAM

In the result, the assessee’s appeal in ITA No

Bench: Shri N.R.S. Ganesan & Shri S. Jayaraman

bogus and assessed the credits as the income of the assessee. Subsequently, the AO passed a rectification order u/s 154 on 10.07.2014, in which he reduced Rs.22,59,999/-, representing the opening balance in the loan creditors’ accounts which cannot be considered as the income of the current year, and sustained the addition under this head

AADARSH SURANA, CHENNAI,CHENNAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), CHENNAI, CHENNAI

rectification order u/s.154 of the Act does not cure or\nobliterate the inherent jurisdictional defect in the impugned assessment order.\nA jurisdictional infirmity strikes at the very root of the assessment and cannot\nbe validated or remedied by subsequent proceedings.\n98. In view of the aforesaid facts and circumstances, we hold that the\nimpugned assessment order dated 29.12.2019 passed u/s.143

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, TRICHY, TRICHY vs. NEELARAJ VINOTH, PERAMBALUR

In the result, the appeal of the assessee is dismissed

rectification order for the\nreason that the very initiation of the same was illegal in view of the\nambiguous notice issued by the AO.\n(ii) During the course of the Appellate proceedings, the AR has made\navailable the copy of the bank statement for the FY 2016-17.\nUpon perusal of the bank statement, the undersigned observes that\nthere