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2023 (10) TMI 1029 - ITAT VISAKHAPATNAMAddition u/s 68 - cash deposits in the Appellant’s bank account unexplained - onus to prove - assessee contented cash deposits were made out of gross sale proceeds from both aqua culture and agriculture and also the gross proceeds from the sale of land besides accumulated saving for the past several years - HELD THAT:- The assessee explained before the AO that he received 1/4th share from sale of ancestral property and received Rs. 2,30,628/- which was deposited in his bank account and the balance cash in bank was the income received on sale of fish. Now, the onus is on the assessee to substantiate his claim with proper evidence. However, the assessee has not furnished any details of such accumulated savings deposited in his account either before the lower authorities or before us. Hence, in the absence of any evidence to establish his contention, no reason to interfere with the order passed by the CIT(A) and accordingly dismiss the grounds raised by the assessee.
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