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2022 (5) TMI 102 - AT - Income TaxUnexplained cash deposit - assessee challenged the action of the AO before the CIT(A) and explained the source of cash deposit received from his father and uncle from the sale proceeds of agricultural land - HELD THAT:- Since the assessee has produced receipts of transfer of money by his sister through her husband Sh. Rajendra Singh which was received by the assessee in India through the money transfer agent Western Union. The transfer of money was about Rs. 50,000/- in each tranche and there are nine tranche of money transfers. Eight transfers or about Rs. 50,000/- and one is about 1 Lac. Therefore, prima facie, the assessee has discharged its onus to show the source of deposit made in the bank account to the extent of Rs. 5 Lac as the money was received by the assessee as remittance by NRI sister. There is an entry of Rs. 4 Lac in the savings bank account of another sister Smt. Radhika Singh with UCO Bank and therefore, this amount of Rs. 4 Lac is received through banking channel. The bank account statement of the sister shows that there is a transfer of Rs. 4 Lac in the name of the assessee on 13.01.2010. Hence, the assessee has produced the documentary evidence to show transfer through bank account as well as the availability of the money in the bank account is sister. Accordingly, in the facts and circumstances of the case, the addition to the extent of Rs. 9 Lac is deleted and the balance amount of Rs. 3,20,000/- as accumulated savings remains unexplained and the addition to the extent is confirmed. - Decided partly in favour of assessee.
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