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2022 (8) TMI 526 - AT - Income TaxAddition u/s 68 - addition of cash deposit made in the bank account as unexplained - HELD THAT:- We noted that the assessee has tried to explain the cash deposits made in to the bank i.e., Royal Bank of Scotland to the tune of Rs.12 lakhs in cash. The assessee tried to explain that this Rs.12 lakhs was received as advance by assessee for sale of agricultural land at Thirupullani and the claim was fully supported by agreements. The assessee has received advance from sale of agricultural land at Thirupullani from six persons. On query from the Bench, now the ld.counsel for the assessee could not explain the sources of these persons namely Mrs.Asilallyas, etc., as mentioned above. Neither he could explain whether alleged sale of land by agreements through which these advances were received were fructified or not or the advances were returned back. Since, the assessee could not answer anything, we had no alternative except to confirm the order of CIT(A) confirming the addition. Hence, we dismiss this appeal of assessee.
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