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2017 (3) TMI 431 - AT - Income TaxUnexplained credit in bank deposit - Held that:- As based on the AIR information, the AO found cash deposits to the tune of ₹ 27,04,907/- with Axis Bank for acquiring bonds/debentures in the Financial Year relevant to Assessment Year 2008-09. We find that the CIT(A) has examined the issue in perspective and has granted partial relief thereon. The order of the CIT(A) appears reasoned and plausible. In the absence of any rebuttal from the assessee, we are not inclined to interfere with the findings of the CIT(A). - Decided against assessee
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