Income Computation Admitted Before CIT(A) cannot be Easily Contested at Tribunal Level: ITAT [Read Order]
The Assessee’s cash deposit was declared as unexplained income and an addition was made. ITAT upholds CIT(A) addition due to a lack of evidence to prove the income sources.
By Kavi Priya - On August 21, 2024 10:54 am - 2 mins read
The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeals) emphasizing that once the assessee’s income computation is admitted before CIT(A), it cannot be easily contested at the tribunal. Assessee, Satish Kumar Madanlal Gupta, had not filed his income return for the assessment year 2009-10….
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