TMI Blog2022 (8) TMI 526X X X X Extracts X X X X X X X X Extracts X X X X ..... ns namely Mrs.Asilallyas, etc., as mentioned above. Neither he could explain whether alleged sale of land by agreements through which these advances were received were fructified or not or the advances were returned back. Since, the assessee could not answer anything, we had no alternative except to confirm the order of CIT(A) confirming the addition. Hence, we dismiss this appeal of assessee. - ITA No. 9/CHNY/2021 - - - Dated:- 3-8-2022 - SHRI MAHAVIR SINGH , VICE PRESIDENT AND SHRI MANOJ KUMAR AGGARWAL , ACCOUNTANT MEMBER Appellant by : Shri T. Vasudevan , Advocate Respondent by : Shri AR. V. Sreenivasan , Addl. CIT ORDER PER MAHAVIR SINGH, VICE PRESIDENT: This appeal by the assessee is arising out of the ord ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of assessment proceedings noticed from the bank account of the assessee maintaining with Royal Bank of Scotland that there is cash deposit of Rs.12 lakhs made into the bank account within this financial year 2010-11 relevant to assessment year 2011-12. The assessee was asked to explain the sources and assessee vide letter dated 20.12.2018 stated that the assessee entered into an agreement for sale of land at Thirupullani and received advances from there. The assessee was required to file copies of agreements, the AO on noticing the sale agreement copies furnished by assessee noted that the sale agreements are unregistered documents and mode of payments, dates etc., are not mentioned. Even the assessee before AO admitted that these were not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of the sale agreement and the transaction; in view of the discrepancies noted by the undersigned as mentioned supra. Thus, I am of the view that the appellant s claim of advance by producing sale agreement that do not stand the scrutiny is at best self-serving after-thought exercise. Hence, I am the view that there is no infirmity in the order of the AO. The appellant s ground is dismissed. Aggrieved, assessee came in appeal before the Tribunal. 6. We have heard rival contentions and gone through the facts and circumstances of the case. We noted that the assessee has tried to explain the cash deposits made in to the bank i.e., Royal Bank of Scotland to the tune of Rs.12 lakhs in cash. The assessee tried to explain that this Rs.12 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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