TMI Blog2011 (3) TMI 1731X X X X Extracts X X X X X X X X Extracts X X X X ..... Chowla (Judicial Member) These two appeals by two separate assessees are against the separate orders of the Commissioner of Income-tax (A), dated 30.8.2010 relating to assessment year 2006-07 against the orders passed under section 143(3) of the Income-tax Act. 2. Identical issues have been raised in the present appeals and we proceed to dispose of both the appeals by a consolidated order f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 94,000/- on 19.10.2005 and ₹ 2,50,000/- on 27.10.2005. The assessee had deposited cash on 16.11.2005 i.e. ₹ 3 lacs, ₹ 5 lacs and ₹ 2,80,000 and further ₹ 2 lacs on 11.2.2005. The source of the said cash deposit was explained by the assessee to be out of the withdrawals made in cash on 19.10.2005 and 27.10.2005. In the entirety of the circumstances where the assessee h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ground of appeal raised by the assessee is allowed. 4. The facts in I.T.A.No. 40/Chd/2011 are mutatis mutandis to the facts in I.T.A.No. 39/Chd/2011. The assessee has furnished on record the copy of the bank statement which reflected the cash withdrawal of ₹ 7 lacs on 28.9.2005 and re-deposit of cash of ₹ 1,02,000/- on 16.11.2005, ₹ 3,50,000/- on 29.11.2005 and ₹ 50,000/ ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
