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of <h1>ITAT confirms Rs. 4 lakh addition on unexplained cash deposits, partly allows appeal under income tax rules</h1> <h3>Shri Baljit Singh C/O Tej Mohan Singh (Advocate) Versus ITO Ward 1, Barnala.</h3> The ITAT CHANDIGARH upheld a lump sum addition of Rs. 4 lakhs to the assessee's income, confirming part of the AO's addition of cash deposits due to lack ... Addition of cash deposit - AO added the same to the income of the assessee for want of any reply from the assessee - CIT(A) deleted the addition to the extent of Rs. 11.11 Lacs since the same were sourced out of earlier withdrawals - assessee was stated to have received Rs. 10 Lacs from one Shri Jagrup Singh who was found to be having no creditworthiness - HELD THAT:- It could be seen that the assessee is an agriculturist for over 35 years and considering his age, some savings could be presumed for the assessee. Being an agriculturist, the assessee may not be having concrete evidences to prove the same. Nevertheless, considering the background of the assessee, we confirm lump sum addition of Rs. 4 Lacs and delete the remaining addition. No other ground has been urged in the appeal. Assessee appeal partly allowed. The Appellate Tribunal (ITAT Chandigarh) heard an appeal by the assessee against the CIT(A)'s order confirming a cash deposit addition of Rs. 10.53 Lacs for AY 2016-17, originally added by the AO under section 144 on a best judgment basis due to lack of response. The CIT(A) had deleted Rs. 11.11 Lacs of the total Rs. 21.64 Lacs deposited, recognizing them as sourced from earlier withdrawals, but confirmed Rs. 10 Lacs received from Shri Jagrup Singh, deemed non-creditworthy. The Tribunal noted the assessee's status as a senior citizen and agriculturist for over 35 years, acknowledging that while concrete evidence of savings might be lacking, some savings could be presumed. Consequently, the Tribunal confirmed a lump sum addition of Rs. 4 Lacs and deleted the remainder, stating: 'considering the background of the assessee, we confirm lump sum addition of Rs. 4 Lacs and delete the remaining addition.' The appeal was thus partly allowed.
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