Addition made by AO without disclosing the basis to Assessee and in Assessment order is not sustainable

The assessee has been assessed on the basis that there is an un-disposed investment of Rs.15,14,200/-. We find from objection filed by the assessee before the Assessing Officer, he has stated thus:

“As regards the investment in property, it is submitted that we are not in position to understand how you have arrived at a total investment amount of Rs.1514200. There is no investment in my individual capacity to the tune of Rs.1514200. However the investment made during the year under consideration is de

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