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2017 (3) TMI 384 - AT - Income TaxUnexplained Money u/s.69A - whether the CIT(A) was justified in confirming the additions of ₹ 20,13,530/- made by the AO towards unexplained cash deposits? - Held that:- As based on the AIR information, the AO found cash deposits to the tune of ₹ 20,13,530/- with Kotak Mahendra Bank for acquiring bonds/debentures in the Financial Year relevant to Assessment Year 2008-09. We find that the CIT(A) has examined the issue in perspective. The order of CIT(A) appears reasoned and plausible. In the absence of any rebuttal from the assessee, we are not inclined to interfere with the findings of the CIT(A). - Decided against assessee.
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