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2016 (1) TMI 612 - AT - Income TaxAddition u/s. 69A - Held that:- The issue in the present case is with respect to addition of cash deposits made in the bank account. We find that ld. CIT(A) has not accepted the submission of the Assessee of cash deposits to be out of the advance money on sale of land because he has noted that the land was not sold till the time of appellate proceedings and there was nothing on record to demonstrate the registration of land or of money having returned back. With respect to the addition based on the peak theory, we find that ld. CIT(A) has upheld the addition in A.Y. 06-07 but has given the credit of the addition of peak credit in A.Y. 07-08 & 08-09. Before us, ld. A.R. has not pointed out any fallacy or error in the order of ld. CIT(A). We therefore find no reason to interfere with the order of ld. CIT(A) - Decided in favour of revenue
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