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Relevant reasoning should be given to sustain an order.
Relevant reasoning should be given to sustain an order.
Orders passed by any of the authority can't be sustained if, passed without any relevant reason. Therfore, CIT(A) is not right in deleting the addition made by AO on grounds of unexplained cash deposit of Rs. Rs.12,92,901 on Sunil Rajendranath Gupta, Surat. Thus, ITAT remanded matter back to CIT(A) for afresh consideration.-500242
1. Assessee is Mr. Sunil Rajendranath Gupta, Surat.
2. He filed his return declaring total income at Rs.13,44,210.
3. On assessment, AO determined income to be Rs. 26,37,110 stating that assessee made unexplained cash deposit in ICICI Bank accounts (Rs.12,92,901/-).
4. Thereupon, made addition of Rs. 12,92,901.
5. CIT(A) deleted the same without giving any reason.
6. Revenue appealed before ITAT pleading to restore AO's orders and deleting CIT(A)'s.
7. HELD- ITAT deleted orders of CIT(A) stating that to sustain an order in law one should give relevant reasons.
8. Thus, ITAT remanded matter back to CIT(A).
Case Reference - Sunil Rajendranath Gupta, Surat vs Department Of Income Tax.
