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2022 (6) TMI 576 - AT - Income TaxUnexplained cash deposits u/s 69A - Assessee deposited cash in the bank accounts - Denial of Natural justice - as argued AO did not allow the assessee for cross-verification related to the statements of the parties. HELD THAT:- CIT(A) took cognizance of the remand report without allowing the Assessee for cross-examining the four statement whose statement are contradictory with the Assessee's submission. Further, we accepted the additional evidence. Accordingly, the cash-flow statement should be verified by the Revenue authorities. Prima facie, it is accepted that, maintaining of cattle and generation of the milk and also selling the same for earning is primarily accepted. There is no question about the existence of the business. The only issue is the cash generation for depositing in the bank account. It is to be directed that the issue should be further re-examined by the learned CIT(A) taking cognizance of the documents filed by the Assessee and a reasonable opportunity be allowed for cross-examinations related to the four parties. Thus, we direct to set aside the matter before the learned CIT(A) de novo for further consideration of the issue. Furthermore, a reasonable opportunity should be given to the Assessee for his contention. Appeal of the Assessee allowed for statistical purposes.
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