On appeal the Tribunal held that, as per Annual Information Return Showing Deposits in\u00a0 Bank Accounts , the assessee has not complied with the notice accordingly\u00a0 the reassessment notice is held to be valid. As regards the addition made as unexplained investment\u00a0\u00a0 regarding deposit of cash in bank accounts from , agricultural income gift etc, the Tribunal remanded the\u00a0 matter to CIT (A) to pass speaking order.\u00a0 ( AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 147 : Reassessment \u2013 No return filed prior to issue of notice \u2014 Annual Information Return Showing Deposits in Bank Accounts \u2014 No Compliance pursuant to notice \u2014 Reassessment notice is held to be valid- Unexplained investment- Agricultural income -Gift \u2013 Matter remanded to CIT (A) to pass speaking order . [ S. 69A ,144, 148 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13637","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3xX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13637"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13637\/revisions"}],"predecessor-version":[{"id":13638,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13637\/revisions\/13638"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}