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2022 (10) TMI 494 - ITAT CHENNAIUnexplained cash deposits - HELD THAT:- As gone through the Assessment Order and the order of the Commissioner of Income Tax (Appeals) and the arguments of Assessee that these cash withdrawals are the sources of cash deposits, we noted that the Commissioner of Income Tax (Appeals) has categorically given a finding that the Assessee could not substantiate the linkage of the cash withdrawals of that of the cash deposits. Even before us, the Assessee could not substantiate these cash deposits vis-à-vis cash withdrawals and hence we confirm the order of the Commissioner of Income Tax (Appeals) on this issue and this issue in the Assessee’s appeal is dismissed.
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