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2023 (11) TMI 846 - AT - Income TaxUnexplained cash deposits - sale proceedings given over and above registered value by the assessee - HELD THAT:- We find that the ld. CIT(A) in his order relied on the order of Jagtar Singh [2010 (12) TMI 1355 - PUNJAB AND HARYANA HIGH COURT] as observed that the cash deposit has no relevance with the assessee’s payment over and above the registered price. So, the amount duly negated and has no relevance with assessee. We find that there is no such evidence was found for assessee related payment the cash Rs. 48.5 on and above the registered value. The ld. DR was unable to take any divergent view against submission of assessee - Assessee appeal allowed.
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