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2019 (3) TMI 89 - AT - Income TaxAssessment u/s 153A - search u/s. 132A - unaccounted cash payment - unexplained cash receipts - undisclosed salary receipts - HELD THAT:- The assessee was specifically asked about the cash payment received in question no. 22. However, assessee stated that he will not able to reply and accounts persons will clarify the same. However, no clarification about cash payments received was filed by the assessee subsequently before the Assessing Officer. amount of ₹ 10,00,000/- was received for IRCTC purposes by the assessee, however where and how this amount was utilized, the assessee did not file any reply for the same. During the course of assessment proceedings, also the assessee was specifically asked about this however no reply was filed by the assessee. Assessee himself has mentioned vide reply to question no. 3 that his total salary was ₹ 1.31 crores. All these facts indicate that assessee was receiving salary in cash which was not being recorded by M/s Zoom Developers Pvt. Ltd. and as well as by the assessee in their books of accounts. Therefore, the amount of cash received by the assessee of ₹ 24,25,000/- was rightly added to the total income of the assessee as unexplained income of the assessee and the same was rightly confirmed by the Ld. CIT(A), which does not need any interference on our part, hence, we uphold the action of the Ld. CIT(A) on the issues in dispute and reject the grounds raised by the Assessee.
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