TMI Blog2023 (3) TMI 1152X X X X Extracts X X X X X X X X Extracts X X X X ..... n the findings of lower authorities. In such a situation, we find no reason to interfere with the order of CIT(A) and thus the ground of assessee is dismissed. - ITA No. 5815/Del/2018 - - - Dated:- 23-3-2023 - Sh. Anil Chaturvedi, Accountant Member And Sh. Narender Kumar Choudhry, Judicial Member For the Assessee : None For the Revenue : Shri Anuj Garg, Sr. D.R. ORDER PER ANIL CHATURVEDI, AM : This appeal filed by the assessee is directed against the order dated 10.02.2017 passed by the Commissioner of Income Tax (Appeals) - Karnal relating to Assessment Year 2011-12. 2. Brief facts of the case as culled out from the material on record are as under :- 3. Assessee is an individual. It was noted by AO that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... owing grounds of appeal : 1. That having regard to the facts and circumstances of the case, Ld CIT(A) has erred in law and on facts in confirming the action of Ld. A.O. framing the impugned assessment order without complying with mandatory conditions as envisaged u/s 147 to 151 of the Income Tax Act, 1961. 2. That having regard to the facts and circumstances of the case, the Ld CIT(A) has erred in law and on facts in confirming the action of the Id A.O. in making aggregate addition of Rs. 52,39,000/-on account unexplained cash deposit u/s 68 of Income Tax Act, 1961. 3. That having regard to the facts and circumstances of the case the Ld. CIT(A) was not justified in confirming the addition of 5239000.00 made by the Ld. A.O. on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on record and after hearing the Learned DR. 5. Before us, Learned DR supported the order of lower authorities. 6. We have heard the Learned DR and perused the material on record. The issue in the present ground is with respect to the addition of Rs.52,39,000/- made u/s 68 of the Act. While making addition, we find that AO has noted that it was the contention of the assessee that the deposits of Rs.74,40,000/- in cash in his bank account was out of the sale proceeds of the agricultural land. AO has noted that the copy of the registered sale deed that was furnished by the assessee revealed that the agricultural land was sold for only Rs.22,01,000/-. He accordingly considered the balance cash deposits of Rs.52,39,000/- as unexplained an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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