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2015 (12) TMI 115 - HC - Income TaxUnexplained deposits/investment in the bank - Held that:- The authorities below on appreciation of material on record have concurrently recorded that ₹ 12,12,000/- was unexplained deposits/ investment in the bank of the assessee. Nothing could be shown that the approach of the Assessing Officer, the CIT(A) and the Tribunal was erroneous or perverse except only an effort was made to reappreciate the evidence so as to record a finding different from the one arrived at by the authorities below. The view of the Assessing Officer, the CIT(A) and the Tribunal is a plausible view based on material on record which warrant no interference by this Court. - Decided against assessee.
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