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2016 (1) TMI 613 - AT - Income TaxAddition u/s 68 - Held that:- Issue in the present case is with respect to addition of cash deposits in the bank account. We find that ld. CIT(A) after considering the summary of the cash receipt has noted that the summary starts with opening cash balance of ₹ 3,03,095/- on 1st April, 2007 for which no evidence of it has been placed on record by the Assessee and the claim of having the opening cash balance is also not found acceptable in view of the fact that Assessee is not maintaining regular cash book, stated to have received salary of ₹ 17,820/- per month and had shown withdrawals of ₹ 18,000 to ₹ 19,000 per month for household expenses and that the opening cash balance was disproportionately high considering the returned income and the monthly household expenses. Before us, Assessee has also not placed any material on record to controvert the findings of ld. CIT(A) or pointed any fallacy in his findings. In view of these facts, we find no reason to interfere with the order of ld. CIT(A) and thus the ground of Assessee is dismissed. - Decided against assessee.
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