TMI Blog2019 (9) TMI 1263X X X X Extracts X X X X X X X X Extracts X X X X ..... it was in fact the business transaction of assessee. Assessee did not produce any evidence before the authorities below. Same is the position before the Tribunal that assessee did not produce any purchase bills to show that purchases were made through banking channel out of the same Bank account in which cash have been deposited. Therefore, there were no justification even to remand the matter back to the file of A.O. as is argued by the Learned Counsel for the Assessee. - Decided against assessee. - ITA.No.196/Del./2019 - - - Dated:- 2-9-2019 - Shri Bhavnesh Saini, Judicial Member For the Assessee : Shri Rajesh Mahna And Shri Ramanand Roy, Advocates. For the Revenue : Shri S.L. Anurag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The assessee submitted that he was running general store shop and cash deposit in the bank account was from sales made. The assessee has no other income. The cash has been deposited in the Bank Account regularly in 2-3 days gap. The Ld. CIT(A) found that whatever was submitted by assessee has not been substantiated through any evidence on record. Therefore, addition was confirmed. 3. I have heard the Learned Representative of both the parties. 4. Learned Counsel for the Assessee reiterated the submissions made before the authorities below and submitted that assessee filed return of income declaring in terms of Section 44AD of the I.T. Act. He has filed copy of the bank statement of the assessee to show th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uce purchase bills before the authorities below to show that it was in fact the business transaction of assessee. However, assessee did not produce any evidence before the authorities below. Same is the position before the Tribunal that assessee did not produce any purchase bills to show that purchases were made through banking channel out of the same Bank account in which cash have been deposited. Therefore, there were no justification even to remand the matter back to the file of A.O. as is argued by the Learned Counsel for the Assessee. In the absence of any evidence on record, I do not find any justification to interfere with the Orders of the authorities below and dismiss the appeal of assessee. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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