2015 (3) TMI 1207

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....SYAL, A.M.: This appeal by the assessee arises out of the order passed by the CIT(A) on 28.02.2013 in relation to the assessment year 2009-10. 2. The only issue raised in this appeal is against the confirmation of addition of Rs. 45,50,775/- towards unexplained cash deposits in bank, as income from undisclosed sources. 3. Briefly stated the facts of the case are that the Assessing Officer....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... and perused the relevant material on record. The only dispute in this appeal is against the addition made by the Assessing Officer towards certain deposits made in two bank accounts maintained by the assessee, totaling Rs. 45.50 lakhs. The assessee furnished cash flow statement before the learned CIT(A) by contending that the withdrawals from these bank accounts constituted the source of deposits....