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2019 (2) TMI 1207 - HC - Income TaxUnaccounted expenditure - Unexplained source of cash - Held that:- The two revenue authorities and the Tribunal concurrently came to the conclusion that the amount of ₹ 6 Lacs represented the assessee's unaccounted expenditure. Secondly, the Tribunal did not accept the assessee's explanation that the amount was withdrawn from the bank account and gave to Ms. Rani Mukherjee for safe keeping on the ground that it is difficult to believe that a person who withdraws money from the bank account gives it to someone else for safe keeping. The assessee had not offered any explanation why he took such a recourse. It was not the case of the assessee that he needed urgent cash on hand for which purpose such withdrawal was made. All in all, the entire issue is factual. No perversity in the findings is pointed out. No question of law arises.
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