TaxTMI 
TaxTMI 
2017 (4) TMI 519
X X X X Extracts X X X X
X X X X Extracts X X X X
....ned CIT(A) arising from the assessment order dated 30th December, 2011 passed by learned Assessing Officer (hereinafter called "the AO") u/s 143 (3) of the Income-tax Act,1961 (Hereinafter called "the Act"). 2. The revised grounds of appeal filed by the assessee with the Income-Tax Appellate Tribunal, Mumbai (hereinafter called "the tribunal") read as under:- "Thus based on the facts and circumstances of the case, the Hon'ble CIT(A) has erred in confirming addition of deposits of Rs. 17,18,391/- as assessee's undisclosed income." 3. At the outset it is informed by learned counsel for the assessee that this appeal is filed late by 17 days. It was brought to our notice that an affidavit dated 22-08-2012 was filed by the assessee befo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....issued notice u/s 133(6) of the Act to the Dena Bank asking the details of personal saving bank account of the assessee. The Dena Bank submitted bank statement for the period 1- 4-2008 to 31-3-2009 whereby the A.O. observed from the bank statement that the assessee had deposited Rs. 22 lacs. The assessee was asked to furnish the source of the said deposit of Rs. 22 lacs but the assessee could not furnish any documentary evidence in respect of the sources of the said deposit of Rs. 22 lacs in saving bank account with Dena Bank, hence, the A.O. treated the deposit of Rs. 22 Lacs as undisclosed income of the assessee and added the same to the total income of the assessee , vide assessment order passed dated 30th December, 2011 passed by the AO....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n saving bank account was credited in the Dena bank saving bank account which was declared in the return of income filed with Revenue . Thus, it was submitted that in nut-shell these three heads of income viz. Salary income of Rs. 2,40,000/- commission income of Rs. 1,42,695/- and interest income of Rs. 711/- were credited in the said Dena Bank saving bank account which were voluntarily declared in the ROI filed by the assessee with Revenue and which had already suffered taxation and has now again being taxed by Revenue as the said income stood deposited in Dena Bank saving bank account and were forming part of addition of Rs. 17,18,391/- sustained by learned CIT(A), which can be verified. The ld. counsel for the counsel has fairly agreed a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....O. Bank account statement of current account with Dena Bank was produced by the assessee before the A.O., while the saving bank account statement with Dena Bank was not produced by the assessee. The A.O. issued notice u/s 133(6) of the Act to the Dena Bank asking the details of personal saving bank account of the assessee. Dena Bank submitted saving bank account statement of the assessee whereby the A.O. observed that an amount of Rs. 22 lacs was credited of which the assessee had not offered any explanation and amount of Rs. 22 lacs was added to the total income of the assesse by the AO as unexplained income of the assessee. Before the ld. CIT(A) the assessee has explained that the total deposits in the personal saving bank account at Dena....