2017 (7) TMI 205

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....r O. P. Meena, Accoutant Member 1. This appeal is filed by the assessee against the order of ld. Commissioner of Income tax (Appeals)-22 New Delhi holding concurrent over the CIT(A) -2, Indore charge [hereinafter referred to as the CIT (A)] dated 24.09.2014. This appeal pertains to Assessment Year 2008-09 as against appeal decided in respect of assessment order dated 21.03.2013 passed u/s. 143(....

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.... other deposits of Rs. 19,68,629/- as per the breakup given by the assessee as own fund of Rs. 7,93,097/- Rs. 1,37,750/- of LIC loan, Rs. 59,625/- being O D a/c, Rs. 9,76,640/- being loan from Ashok Brothers and Rs. 17/- SB interest explained the deposits other than cash. However, with regard to cash deposit of Rs. 16,34,750/- the Ld. CIT (A) confirmed the addition of Rs. 5,63,981/- after allowing....

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....find that the assessee has filed additional evidence during the course of appellate proceedings, which were allowed to be admitted by the ld. CIT (A). We find that all entries of cash deposit are duly rotated through cashbook and it is duly reflected. However, it appears that the Ld. CIT (A) has not seems to have consider and examined the details as claimed in cashbook. Therefore, the Ld. CIT (A) ....