2017 (8) TMI 30

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 1. Assessee is in appeal against the judgment of the Income Tax Appellate Tribunal dated 13.10.2016 raising following question for our consideration. "(1) Whether in the facts and circumstances of the case and evidence placed on record, the Income Tax Appellate Tribunal has substantially erred in law in confirming the addition of Rs. 15,32,000/on account of alleged unexplained bank depos....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ng to the nature of business that assessee was engaged in, nor the cash withdrawals could be believed to have been used for depositing the cash. This view of the Assessing Officer was confirmed by the Commissioner of Incometax (Appeals) as well as the Tribunal. 4. Before the Tribunal, the assessee relied on the judgment of this Court in case of Commissioner of IncometaxIII v. Manoj Indravadan C....