2011 (12) TMI 357

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....against Citi Bank credit card bills. The assessee submitted the credit card statement of Rs.2,57,726/- and explained that a sum of Rs.51,175/- was paid by the assessee from his regular bank account i.e. American Express Savings Bank. The assessee further explained that balance of expenditure of Rs.2,06,551/- was incurred out of cash of Rs.4,10,000/- left with him by his cousin sister Ms. Rima K. Tejwani who stays in Florida, USA and who came to visit India in January and February, 2005. She had kept the cash with the assessee for safe custody. The assessee filed copy of letter dated 31.3.2005 addressed to the assessee by Ms. Rima K. Tejwani, in which it was clearly stated that a sum of Rs.4.10 lacs was kept in safe custody of the assessee f....

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....e addition made by the AO was not correct. The CIT(A) also had confirmed the addition in the same manner without calling for further details and evidence or without making any further enquiry.   3.1 The ld. DR on the other hand strongly supported the orders of the authorities below. He also produced the relevant assessment records and perusal of which showed that the assessee vide questionnaire dated 21/8/2008 was called to explain the source of credit card expenses. The assessee had explained the same on 23/12/2008, as per notings made by the AO in the records and, thereafter, assessment order was passed on 31.12.2008. The ld. DR submitted that it was for the assessee to file necessary evidence to substantiate the cash deposit. &nb....