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2022 (8) TMI 1078 - AT - Income TaxReopening of assessment u/s 147 - unexplained source of cash deposited by the assessee - HELD THAT:- As the authorities below have brought on record that the assessee has been declaring business income. The assessee has not furnished proof in respect of any other source of cash deposits. Therefore, in considered view, the Ld. CIT(A) was justified in sustaining the addition made by the AO as the assessee grossly failed to substantiate his claim that the cash deposited in the bank account was not out of business receipts. It is incumbent upon the assessee to prove the source of cash deposits. No reason to disturb the finding of authorities below, the same is hereby affirmed. Thus, Ground raised by the assessee are dismissed.
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