9911796707
TMI Blog2024 (6) TMI 1300X X X X Extracts X X X X X X X X Extracts X X X X ..... For the Opponent(s) No. 1 : None ORAL ORDER (PER : HONOURABLE MR. JUSTICE BHARGAV D. KARIA) 1. Heard learned advocate Mr. Karan Sanghani for the appellant. 2. By this Tax Appeal under section 260A of the Income Tax Act, 1961 (For short "the Act"), the appellant Revenue has proposed the following questions arising from order dated 19.05.2023 passed by the Income Tax Appellate T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs. 13,85,000/- on account of unexplained cash deposit in Kalupur Commercial Cooperative Bank on the ground that the assessee did not have sufficient cash balance and there was no conclusive proof as to how such huge amount came into the possession of the assessee in the form of cash. 4. However, CIT(Appeals) considering the audited cash book as well as reconciliation statement placed on record ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ngs of CIT(Appeals). 6. In view of such concurrent finding of fact, question no. 1 cannot be said to be a substantial question of law. 7. With regard to addition of Rs. 3.21 crore made by the Assessing Officer, as confirmation under section 68 of the Act for the loan taken by the assessee were not filed under the hand and signature of the person from whom the loan had been taken, it was presumed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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