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2018 (1) TMI 587 - AT - Income TaxUnexplained cash found during search - Held that:- CIT(A) gave a categorical finding that “the assessee did not claim in the original assessment proceedings that the cash available is out of exchange of old currency if any. This argument is brought forward now and there is no evidence furnished to substantiate this new claim even during the assessment proceeding or appellate proceedings. If the claim of the assessee is correct then the money in serial numbered notes should have come from a single source the details of which the assessee is not in a position to furnish. Therefore, the argument of the assessee is treated to be only an afterthought for which there is no cogent evidence available.”. Even before us, the AR of the assessee failed to substantiate the claim of the assessee by way of corroborative evidence and, hence, we find no infirmity in the order of the CIT(A) in confirming the addition made by the AO. Accordingly, we uphold the order of the CIT(A) and dismiss the grounds raised by the assessee
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