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2023 (4) TMI 458 - ITAT JAIPURUnexplained deposits in bank accounts - income from undisclosed source - assessee submitted that the transactions of sale of jewellery by his father and handing over the same to the assessee by his father - HELD THAT:- As considering the documents submitted by assessee coupled with affidavits filed before the ld. CIT(A), the Bench is of the view that documentary evidences as to the source of the funds of the father and contentions of the assessee deserves to be accepted. It is also noteworthy to mention that the documents in the shape of affidavit presented before the Bench were not rebutted by the Revenue Authorities and the affidavits earlier placed on record before the ld. CIT(A) were also not rebutted or contradicted by the Department. Taking into consideration the above facts, circumstances of the case and the affidavits mentioned hereinabove as well as the decision of M/s. Mehta Parikh & Co. [1956 (5) TMI 4 - SUPREME COURT] the Bench does not concur with the findings of the ld. CIT(A) on the issue in question. Hence, the appeal of the assessee is allowed.
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