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Shri Melvinder Singh Grewal Versus Income Tax Officer

2015 (8) TMI 658 - DELHI HIGH COURT

Unexplained cash deposits - Unexplained income - ITAT confirmed addition - Held that:- The ITAT has in the impugned order returned a finding of fact that the Assessee could not establish that he received agricultural income from carrying on farming a .....

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abh Chowdhury, Adv. Mr. Vaibhav Tomar, Mr. Karma Dorjee, Advs. For the Respondent : Mr. Amol Sinha, Senior Standing Counsel with Ms. V. Malhotra, Adv. ORDER ITA 503/2015 and CM APPL No.13175 of 2015 1. This appeal under Section 260A of the Income Tax .....

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eal and set aside the order dated 13th May 2011 of the CIT (Appeals) who deleted the addition of ₹ 24,06,600 by the Assessing Officer ('AO') as unexplained income. 3. The brief facts of the case are that the Assessee filed its return of .....

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; 57,57,000 in his back account with Punjab National Bank at Rudrapur, Uttar Pradesh. When asked to explain the said cash deposit, the Assessee claimed that ₹ 34,00,000 was received on sale of ancestral property in Punjab. The balance amount of .....

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en address . Another explanation offered by the Assessee was that he was the Secretary Ranbir Collective Cooperative Farming Society Ltd. He stated that apart from the extent of 1.262 hectare of land which belonged to him, he had cultivated 41.264 he .....

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nconvinced with the above explanation and added ₹ 23,57,000 to the income as unexplained cash deposits. 5. Learned counsel for the Appellant has referred to the agreements drawn on ₹ 10 stamp papers with the parties to whom the poplar tre .....

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