SHRI NITIN BHAURAO RAUT

ASSESSMENT YEAR 2012-13

GROUNDS OF APPEAL

As regards addition of Rs. 38,07,300/- as unexplained source of Income towards investment

in property.

1. Without considering the facts and circumstances of the case, the learned Income
Tax Officer, Ward – 3(1), Nashik, has erred in assessing income returned by the assessee
of Rs. Nil at a higher amount of Rs. 38,07,300/.

2. In the facts and circumstances of the case and the attendant law, the learned
Income Tax Officer, Ward – 3(1), Nashik has erred in making additions of Rs. 38,07,300/-
to the total income returned by the assessee as unexplained source of income.

3. The learned Assessing Officer failed to consider the fact the assessee is a non-
resident as per provision of Income Tax Act, 1961

4. The learned Assessing Officer failed to consider the residential status of the
assessee and completed the assessment considering the residential status as resident
which is incorrect and not as per Law.

5. The learned Assessing Officer failed to consider the fact that assessee being a
nonresident, the income earned outside India is not taxable in India as per provision of
Income Tax Act, 1961.

6. The learned Assessing Officer failed to consider the fact the property purchase
by the assessee which is the reason for the alleged addition to income is purchased out of
loan funds taken by assessee from HDFC Bank and income earned by assessee outside
India.

7. The learned Assessing Officer erred in making the addition without having any
documentary evidence.

8. The assessment order is passed not in keeping with the provisions of law and
natural justice and the same needs to be cancelled.
Relief Sought:

Your appellant prays that the order of the Learned Assessing Officer be modified by:

1. Addition of Rs. 38,07,300 as unexplained source of income towards purchase of property

needs to be deleted.

2. Remand back the case to the learned Income Tax Officer, Ward – 3(1), Nashik to complete
the assessment after considering relevant document and information.

Your appellant craves leave to add, to, amend or delete any of the above ground on or before
the final date of hearing.

SHRI NITIN BHAURAO RAUT

Signatory

Form of verification

I, Nitin Bhaurao Raut, the appellant, do hereby declare that what is stated above is true to the
best of my information and belief.

SHRI NITIN BHAURAO RAUT

Signatory

Status of Appellant: Individual

Place- Pune
Date- 04.01.2020