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TMI Blog2024 (8) TMI 1015X X X X Extracts X X X X X X X X Extracts X X X X ..... ondent : Smt. M.S. Deeptha, JCIT ORDER PER S. R. RAGHUNATHA, ACCOUNTANT MEMBER: This appeal filed by the assessee is directed against the order passed by the Addl/JCIT(A)-3, Bengaluru, for the assessment year 2017-18 dated 25.03.2024. 2. The only ground raised by the Assessee is the ld.CIT(A) erred in dismissing the appeal by upholding the addition of Rs. 5,45,000/- made by the AO as unexplain ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... upporting documents is not satisfactory. Hence investment made by the assessee in the bank account is unexplained. The assessment order is passed accordingly making the addition of Rs. 5,45,000 as unexplained investment u/s. 69 of the Act. Returned Income - Rs. 58450 Addition - Rs. 545000 (u/s. 69 unexplained investment) Assessed income - Rs. 603450." 4. Aggrieved by the order of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 84 - ITAT Chennai - Karthik Natarajan Vs.DCIT, International taxation, Madurai, wherein the tribunal held as under : "6. Before us, the ld.counsel for the assessee argued that a reasonable deduction on the basis of reasonable estimation should be made but he could not produce any sort of evidence to substantiate his claim either the names or their address or anything relating to gift received in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by looking into the fact that assessee might not have received cash gift of Rs. 1,00,00,000/- and CIT(A) has already allowed relief of Rs. 30,00,000/, we want to make a further estimate and delete the amount of Rs. 20,00,000/- further. Thereby, the total deletion is i.e., deleted by CIT(A) of Rs. 30,00,000/- plus deletion now by the Tribunal of Rs. 20,00,000/-, aggregate comes to Rs. 50,00,000/-. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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