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2022 (10) TMI 402 - AT - Income TaxCash deposited post demonetization period - AO making the addition of 30% of the cash deposited in the bank during post demonetization period - addition made by the AO as the appellant assessee had failed to prove the source of cash deposit in the bank account during the post-demonetization period during the course of assessment as well as first appellate proceedings with any cogent and sustainable evidence - HELD THAT:- Logical conclusion that the AO was right in making the addition in the hands of the assessee and the CIT(A) was also correct and justified in confirming the same. There is no ambiguity, perversity or any other valid reason to interfere with the findings arrived at by the authorities below, therefore, uphold the same. Resultantly, the grounds of the assessee being devoid of merits are dismissed.
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