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2023 (3) TMI 1152 - ITAT DELHIAddition u/s 68 - Unexplained cash deposits - HELD THAT:- AO has noted that it was the contention of the assessee that the deposits of Rs.74,40,000/- in cash in his bank account was out of the sale proceeds of the agricultural land. AO has noted that the copy of the registered sale deed that was furnished by the assessee revealed that the agricultural land was sold for only Rs.22,01,000/-. He accordingly considered the balance cash deposits of Rs.52,39,000/- as unexplained and accordingly addition was made. Before us, assessee had not placed any material on record to point out any fallacy in the findings of lower authorities. In such a situation, we find no reason to interfere with the order of CIT(A) and thus the ground of assessee is dismissed.
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