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2015 (6) TMI 30 - AT - Income TaxAddition on cash deposited in bank - Held that:- In the present case, observations made in the assessment order as well as in the order of ld. CIT(A) clearly demonstrate that assessee has not been able to establish the fact that deposits of ₹ 60 lakhs were either offered as income by Smt. Baddam Kalavathy or was assessed in her hands. Even before this forum also, apart from a copy of letter dated 14/12/2011 claimed to be of Smt. Kalavathy, assessee has not been able to prove the fact that cash deposits of ₹ 60 lakhs were either offered by Smt. Baddam Kalavathy as her income or were assessed at her hands by furnishing any conclusive and cogent evidence. Thus assessee’s explanation that entire amount was paid back to Smt. Baddam Kalavathy through self withdrawals is also not correct. In these circumstances, when assessee has failed to establish the fact that the cash deposits of ₹ 60 lakhs actually belonged to Smt. Baddam Kalavathy and assessed at her hand, addition, in our view, is justified - Decided against assesse.
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